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Proofpoint (PFPT) Weak On High Volume Today

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

  • PFPT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $43.8 million.
  • PFPT has traded 91,622 shares today.
  • PFPT is trading at 2.35 times the normal volume for the stock at this time of day.
  • PFPT is trading at a new low 3.00% below...