Today's Dead Cat Bounce Stock Is Sarepta Therapeutics (SRPT)

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Trade-Ideas LLC identified Sarepta Therapeutics ( SRPT) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Sarepta Therapeutics as such a stock due to the following factors:

  • SRPT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $48.7 million.
  • SRPT has traded 91,404 shares today.
  • SRPT is up 3% today.
  • SRPT was down 9.9% yesterday.

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More details on SRPT:

Sarepta Therapeutics, Inc., a biopharmaceutical company, focuses on the discovery and development of RNA-based therapeutics for the treatment of rare, infectious, and other diseases. Currently there are 8 analysts that rate Sarepta Therapeutics a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Sarepta Therapeutics has been 1.5 million shares per day over the past 30 days. Sarepta has a market cap of $1.4 billion and is part of the health care sector and drugs industry. The stock has a beta of 0.30 and a short float of 36.6% with 8.98 days to cover. Shares are up 116% year-to-date as of the close of trading on Friday.

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