Nike Inc (NKE) Files Form 4 Insider Buying : John C Lechleiter Buys 1,000 Shares

Nike Inc (NKE): John C Lechleiter , director of Nike Inc purchased 1,000 shares on Jul 1, 2016. The Insider buying transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $55.09 per share for a total value of $55,090.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Eric D Sprunk (CHIEF OPERATING OFFICER) sold 135,764 shares at $58.82 per share price.On May 2, 2016, John F Slusher (EVP: GBL SPORTS MKTG) sold 40,000 shares at $59.17 per share price.Also, On May 2, 2016, Hilary K Krane (EVP, CAO and General Counsel) sold 55,000 shares at $59.13 per share price.On Apr 25, 2016, John C Lechleiter (director) purchased 1,000 shares at $60.18 per share price.

Nike Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Nike Inc which led to swings in the share price. The shares opened for trading at $54.5 and hit $55.14 on the upside , eventually ending the session at $55.13, with a gain of 3.84% or 2.04 points. The heightened volatility saw the trading volume jump to 3,60,84,771 shares. The 52-week high of the share price is $68.195 and the company has a market cap of $92,879 M . The 52-week low of the share price is at $47.25.

Nike Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Nike Inc is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 68 from a previous price target of $73 . The Rating was issued on Jun 29, 2016.Nike Inc is Reiterated by Piper Jaffray to Overweight while Lowering the Price Target of the company shares to $ 58 from a previous price target of $69 . The Rating was issued on Jun 29, 2016.Nike Inc is Reiterated by Jefferies to Buy while Lowering the Price Target of the company shares to $ 65 from a previous price target of $67 . The Rating was issued on Jun 29, 2016.Nike Inc is Reiterated by Telsey Advisory Group to Outperform while Lowering the Price Target of the company shares to $ 69 from a previous price target of $72 . The Rating was issued on Jun 22, 2016.Nike Inc is Reiterated by Jefferies to Buy while Lowering the Price Target of the company shares to $ 67 from a previous price target of $74 . The Rating was issued on Jun 21, 2016.

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) Men’s Training Women’s Training Action Sports Sportswear (the Company’s 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 Company’s portfolio brands include the NIKE Brand Jordan Brand Hurley and Converse.

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