Large Outflow of Money Witnessed in Nike

Nike (NKE) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($5.91 million) and the uptick to downtick ratio was 0.73. The transaction value on upticks was $15.6 million and on downticks, the transaction value was $21.51 million. The transaction value of block trades during downticks was $5.27 million. The money flow was negative ($5.27 million), indicating the traders were booking profit on the price strength. Nike (NKE) rose $0.23 at $58.77, during intraday Friday , a rise of 0.39% over the previous days close.


The company Insiders own 3.9% of Nike shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.02% . Institutional Investors own 62.33% of Nike shares. During last six month period, the net percent change held by insiders has seen a change of -2.5%.

In a related news,The officer (EVP: GBL SPORTS MKTG) of Nike Inc, Slusher John F sold 72,696 shares at $57.75 on July 26, 2016. The Insider selling transaction had a total value worth of $4,198,194. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Nike (NYSE:NKE): stock was range-bound between the intraday low of $57.99 and the intraday high of $59.18 after having opened at $58.63 on Fridays session. The stock finally closed in the red at $58.63, a loss of -0.89%. The stock remained in the red for the whole trading day. The total traded volume was 6,933,123 shares. The stock failed to cross $59.18 in Fridays trading. The stocks closing price on Thursday was $58.54.

Nike (NKE) has risen sharply, recording gains of 3.89% in the past 4 weeks. However, the stock has corrected -1.66% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.02% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.