TipRanks (Fri, 22-Nov 7:20 AM ET)
TipRanks (Fri, 22-Nov 6:51 AM ET)
NIKE, Inc. Announces Second Quarter Fiscal 2025 Earnings and Conference Call
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Business Wire (Wed, 30-Oct 4:30 PM ET)
PRNewswire (Wed, 23-Oct 6:15 AM ET)
NIKE, Inc. Signs Historic Partnership Extension With NBA, WNBA and NBA G League Through 2037
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Nike Names Tom Peddie as VP, GM of North America Geography
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Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
Nike trades on the NYSE stock market under the symbol NKE.
As of November 22, 2024, NKE stock price climbed to $76.86 with 4,909,949 million shares trading.
NKE has a beta of 0.44, meaning it tends to be less sensitive to market movements. NKE has a correlation of 0.02 to the broad based SPY ETF.
NKE has a market cap of $114.41 billion. This is considered a Large Cap stock.
Last quarter Nike reported $12 billion in Revenue and $.70 earnings per share. This fell short of revenue expectation by $-61 million and exceeded earnings estimates by $.18.
In the last 3 years, NKE traded as high as $177.75 and as low as $70.75.
The top ETF exchange traded funds that NKE belongs to (by Net Assets): VTI, VOO, SPY, IVV, QUAL.
NKE has underperformed the market in the last year with a return of -26.5%, while the SPY ETF gained +32.6%. In the last 3 month period, NKE fell short of the market, returning -8.1%, while SPY returned +6.3%. However, in the most recent 2 weeks NKE has outperformed the stock market by returning +1.2%, while SPY returned -0.3%.
NKE support price is $74.08 and resistance is $76.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NKE shares will trade within this expected range on the day.