New Lifetime High Reached By NASDAQ OMX Group (NDAQ)

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.

Trade-Ideas LLC identified NASDAQ OMX Group ( NDAQ) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified NASDAQ OMX Group as such a stock due to the following factors:

  • NDAQ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $41.4 million.
  • NDAQ has traded 40,972 shares today.
  • NDAQ is trading at a new lifetime high.

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More details on NDAQ:

The NASDAQ OMX Group, Inc. provides trading, clearing, exchange technology, regulatory, securities listing, information, and public company services worldwide. It operates in four segments: Market Services, Listing Services, Information Services, and Technology Solutions. The stock currently has a dividend yield of 2%. NDAQ has a PE ratio of 27. Currently there are 7 analysts that rate NASDAQ OMX Group a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for NASDAQ OMX Group has been 968,400 shares per day over the past 30 days. NASDAQ OMX Group has a market cap of $8.5 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.15 and a short float of 3.3% with 4.88 days to cover. Shares are up 5.3% year-to-date as of the close of trading on Wednesday.

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