Nike (NKE) : Traders are bullish on Nike (NKE) as it has outperformed the S&P 500 by a wide margin of 6.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.83%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.17% in the last 1 week, and is up 6.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.91% and the fifty day Moving Average is 5.03%. NIKE, Inc. is up 5.31% in the last three month period. Year-to-Date the stock performance stands at -5.08%.
Nike (NKE) : The highest level Nike (NKE) is projected to reach is $75 for the short term and the lowest estimate is at $55. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $64.71 and the possibility the share price can swing is $5.79.
Nike (NYSE:NKE): On Fridays trading session , Opening price of the stock was $58.57 with an intraday high of $59.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $58.3. However, the stock managed to close at $59, a loss of 0.41% for the day. On the previous day, the stock had closed at $59.24. The total traded volume of the day was 9,994,300 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.