Heavy Trading On King Digital Entertainment (KING) Before Market Open

Trade-Ideas LLC identified King Digital Entertainment ( KING) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified King Digital Entertainment as such a stock due to the following factors:

  • KING has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $25.9 million.
  • KING traded 283,477 shares today in the pre-market hours as of 7:26 AM, representing 19.6% of its average daily volume.

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

More details on KING:

King Digital Entertainment plc, an interactive entertainment company, produces and distributes digital games on multiple platforms in the United States, the United Kingdom, Germany, and internationally. KING has a PE ratio of 9. Currently there are 5 analysts that rate King Digital Entertainment a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for King Digital Entertainment has been 1.4 million shares per day over the past 30 days. King Digital Entertainment has a market cap of $4.7 billion and is part of the services sector and leisure industry. The stock has a beta of 7.12 and a short float of 37.6% with 13.98 days to cover. Shares are down 2.6% 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.

If you liked this article you might like

Mainstream Media Miss Message; IPOs Could Kill the Bull: Jim Cramer's Best Blog

Cramer: Here's How IPOs Could Kill the Bull

Nintendo's Super Mario Run Exposes Shift in Game Player Expectations

Big Retailers Aren't Capitalizing on Pokémon Go Like They Should

Activision's Disappointing Quarter Only a Temporary Setback for the Game Maker