Shares of Nike (NKE) Sees Large Outflow of Money

Nike (NKE) : Thursdays money flow analysis of Nike (NKE) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $50.08 million. In comparison, the inflow of money on upticks was a meager $46.45 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.64 million. The uptick to downtick ratio of 0.93 in the money flow shows weakness. The uptick block trades were valued at $0.83 million. The downtick transaction value was high at $1.12 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.74. Hence, the net money flow in the stock was negative ($0.29 million). Nike (NKE) gained $0.11 at $55.91, a change of 0.2% over the previous days close.


Nike (NKE) : Currently there are 21 street experts covering Nike (NKE) stock. The most bullish and bearish price target for the stock is $82 and $47 respectively for the short term. The average price target of all the analysts comes to $68.21. The estimated standard deviation from the target is $7.64. The stock has recorded a 20-day Moving Average of 2.89% and the 50-Day Moving Average is 0.05%.

Nike (NYSE:NKE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.80 and $55.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.92, notching a gain of 0.22% for the day. The total traded volume was 6,947,979 . The stock had closed at $55.80 on the previous day.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Mens Training, Womens Training, Action Sports, Sportswear (the Companys sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Companys portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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