Nike (NKE) Hits New Lifetime High Today

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Trade-Ideas LLC identified Nike ( NKE) as a new lifetime high 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 $283.6 million.
  • NKE has traded 71,678 shares today.
  • NKE is trading at a new lifetime high.

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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 1.1%. NKE has a PE ratio of 29. Currently there are 13 analysts that rate Nike a buy, no analysts rate it a sell, and 8 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 $69.7 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.53 and a short float of 1.1% with 2.21 days to cover. Shares are up 6.5% year-to-date as of the close of trading on Thursday.

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