CoreLogic (CLGX) Is Weak On High Volume Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified CoreLogic ( CLGX) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified CoreLogic as such a stock due to the following factors:

  • CLGX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $36.6 million
  • CLGX has traded 321,474 shares today
  • CLGX is trading at 6.91 times the normal volume for the stock at this time of day
  • CLGX is trading at a new low 3.02136961409429982694518912467174232006072998046875 below yesterday's close

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in CLGX with the Ticky from Trade-Ideas. See the FREE profile for CLGX NOW at Trade-Ideas

More details on CLGX:

CoreLogic, Inc. provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company operates through two segments, Technology and Processing Solutions and Data & Analytics (D&A). CLGX has a PE ratio of 29. Currently there are seven analysts that rate CoreLogic a buy, one analyst rates it a sell, and none rate it a hold.

The average volume for CoreLogic has been 627,400 shares per day over the past 30 days. CoreLogic has a market cap of $3.46 billion and is part of the technology sector and telecommunications industry. The stock has a beta of 1.86 and a short float of 0.8% with 0.54 days to cover. Shares are up 28.9% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates CoreLogic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, compelling growth in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • The revenue growth greatly exceeded the industry average of 22.6%. Since the same quarter one year prior, revenues rose by 11.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 1166.66% and other important driving factors, this stock has surged by 26.67% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the IT Services industry. The net income increased by 1145.1% when compared to the same quarter one year prior, rising from -$2.79 million to $29.18 million.
  • Net operating cash flow has significantly increased by 141.60% to $40.23 million when compared to the same quarter last year. In addition, CORELOGIC INC has also vastly surpassed the industry average cash flow growth rate of -10.73%.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

More from Markets

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend