Advance Auto Parts (AAP) Showing Unusual Social Activity Today

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 Advance Auto Parts ( AAP) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified Advance Auto Parts as such a stock due to the following factors:

  • AAP has more that 20x the normal benchmarked social activity for this time of the day compared to its average of 2.65 mentions/day.
  • AAP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $153.3 million.

Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.

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More details on AAP:

Advance Auto Parts, Inc., through its subsidiaries, operates as a specialty retailer of automotive replacement parts, accessories, batteries, and maintenance items. The stock currently has a dividend yield of 0.2%. AAP has a PE ratio of 23. Currently there are 11 analysts that rate Advance Auto Parts a buy, no analysts rate it a sell, and 7 rate it a hold.

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