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Today's Dead Cat Bounce Stock Is Mallinckrodt (MNK)

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

  • MNK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $164.8 million.
  • MNK has traded 137,482 shares today.
  • MNK is up 3.2% today.
  • MNK was down 7.3% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in MNK with the Ticky from Trade-Ideas. See the FREE profile for MNK NOW at Trade-Ideas More details on MNK: Mallinckrodt public limited company develops, manufactures, markets, and distributes specialty pharmaceutical and biopharmaceutical products, and nuclear imaging agents in the United States, Europe, the Middle East, Africa, and internationally. MNK has a PE ratio of 18. Currently there are 11 analysts that rate Mallinckrodt a buy, no analysts rate it a sell, and 1 rates it a hold. The average volume for Mallinckrodt has been 2.8 million shares per day over the past 30 days. Mallinckrodt has a market cap of $6.6 billion and is part of the health care sector and drugs industry. The stock has a beta of 0.80 and a short float of 11.5% with 4.06 days to...