Nike (NKE) Shares are Up 0.63%

Nike (NKE) has been under a strong bear grip, hence the stock is down -3.92% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.2% in the past 1 week. The stock has risen by 0.63% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.53% in the past 4 weeks.

Nike (NYSE:NKE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.32 and $55.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.85, notching a gain of 1.93% for the day. The total traded volume was 7,512,502 . The stock had closed at $54.79 on the previous day.

The stock has recorded a 20-day Moving Average of 1.42% and the 50-Day Moving Average is 0.84%. NIKE, Inc. has dropped 4.14% during the last 3-month period . Year-to-Date the stock performance stands at -10.15%.

Nike (NKE) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $75 and the lowest price target forecast is $55. The average forecast of all the analysts is $65.47 and the expected standard deviation is $5.93.


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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