Nike (NKE): The stock had negative money flow to the tune of ($9.65 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $38.88 million, whereas, the outflow of money on downticks was $48.53 million and the ratio between the two was 0.8. The block trade had a negative net money flow of ($6.36 million). The total block trade value undertaken on upticks was $5.17 million. On the other hand, downticks amounted to $11.53 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.45. Nike (NKE) closed with marginal gains of 1 cents to end the day at $57.88, an increase of 0.01% over the previous days close. The stock recorded 2.04% for the week.
NIKE, Inc. has dropped 2.79% during the last 3-month period . Year-to-Date the stock performance stands at -7.11%. Shares of NIKE, Inc. rose by 1.6% in the last five trading days and 7.99% for the last 4 weeks. In a related news, Lechleiter John C, Director of NIKE INC, executed a transaction worth $55,090 on July 1, 2016. A total of 1,000 shares were purchased at an average price of $55.09. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Nike (NYSE:NKE): On Mondays trading session , Opening price of the stock was $58 with an intraday high of $58.16. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.74. However, the stock managed to close at $57.74, a loss of 0.22% for the day. On the previous day, the stock had closed at $57.87. The total traded volume of the day was 6,478,896 shares.
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.