Trade-Ideas: Nike (NKE) 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.

Trade-Ideas LLC identified Nike ( NKE) as a post-market leader 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 $283.4 million.
  • NKE is up 2.6% today from today's close.

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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%. NKE has a PE ratio of 31. 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 2.7 million shares per day over the past 30 days. Nike has a market cap of $73.1 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.50 and a short float of 1.1% with 2.57 days to cover. Shares are up 11.5% year-to-date as of the close of trading on Wednesday.

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