Nike (NKE): Heavy Pre-Market Activity

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

  • NKE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $396.5 million.
  • NKE traded 463,730 shares today in the pre-market hours as of 8:53 AM, representing 10.2% of its average daily volume.

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More details on NKE:

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The stock currently has a dividend yield of 1.2%. NKE has a PE ratio of 26.5. Currently there are 11 analysts that rate Nike a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Nike has been 3.3 million shares per day over the past 30 days. Nike has a market cap of $55.3 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.68 and a short float of 1.2% with 1.81 days to cover. Shares are up 2.8% year-to-date as of the close of trading on Wednesday.

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