Shares of Nike (NKE) Rally 2.03%

Nike (NKE) : Traders are bullish on Nike (NKE) as it has outperformed the S&P 500 by a wide margin of 3.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.52%, 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 2.03% in the last 1 week, and is up 7.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.88% and the 50-Day Moving Average is 3.93%.

Nike (NYSE:NKE): The stock opened at $58.59 on Friday but the bulls could not build on the opening and the stock topped out at $58.87 for the day. The stock traded down to $57.87 during the day, due to lack of any buying support eventually closed down at $57.87 with a loss of -1.06% for the day. The stock had closed at $58.49 on the previous day. The total traded volume was 9,225,206 shares.


The company Insiders own 3.7% of Nike shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 4.41% . Institutional Investors own 63.71% of Nike shares. During last six month period, the net percent change held by insiders has seen a change of 9.22%. 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, 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.