Shares of Nike (NYSE:NKE) Sees Large Inflow of Net Money Flow

Nike (NYSE:NKE) dropped slightly amid mild profit booking and the last known price was $53.41 per share. The price decreased by -0.06 points or -0.11% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $75.38 million. The total upticks were valued at $100.67 million and the total downticks aggregated to $25.29 million, thereby putting the up/down ratio at 3.98,. The shares have seen a change in the share price of -3.08% on a weekly basis.In a big block trade which occurred today, the total uptick value was $76.85 million and the total downtick value was $1.61, resulting in an up/down ratio of 47.83. The net money flow for the block trade was calculated to be $75.25 million.

NIKE, Inc. has lost 2.54% in the last five trading days and dropped 4.01% in the last 4 weeks. NIKE, Inc. has dropped 14.48% during the last 3-month period . Year-to-Date the stock performance stands at -13.59%.

Currently 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 4.61% . Institutional Investors own 63.32% of Nike shares. During last six month period, the net percent change held by insiders has seen a change of 4.61%. . On the companys insider trading activities,The officer (CHIEF OPERATING OFFICER) of Nike Inc, Sprunk Eric D sold 135,764 shares at $58.82 on April 29, 2016. The Insider selling transaction had a total value worth of $7,985,638. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Nike (NYSE:NKE) rose 0.45% or 0.24 points on Friday and made its way into the gainers of the day. After trading began at $53.45 the stock was seen hitting $53.87 as a peak level and $53.16 as the lowest level. The stock ended up at $53.71. The daily volume was measured at 11,007,105 shares. The 52-week high of the share price is $68.195 and the 52-week low is $47.25. The company has a market cap of $90,486 million.

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 *