Trade-Ideas: Advance Auto Parts (AAP) Is Today's Post-Market Leader Stock

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 or Stephanie Link.

Trade-Ideas LLC identified Advance Auto Parts ( AAP) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Advance Auto Parts as such a stock due to the following factors:

  • AAP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $90.9 million.
  • AAP is up 3.7% today from today's close.

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More details on AAP:

Advance Auto Parts, Inc., through its subsidiaries, operates as a specialty retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP) and Autopart International (AI). The stock currently has a dividend yield of 0.2%. AAP has a PE ratio of 22.1. Currently there are 7 analysts that rate Advance Auto Parts a buy, no analysts rate it a sell, and 9 rate it a hold.

The average volume for Advance Auto Parts has been 710,100 shares per day over the past 30 days. Advance Auto Parts has a market cap of $9.1 billion and is part of the services sector and retail industry. The stock has a beta of 1.00 and a short float of 2.8% with 2.43 days to cover. Shares are up 12.7% year-to-date as of the close of trading on Tuesday.

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