Nike Inc (NKE) Files Form 4 Insider Selling : John F Slusher Sells 40,000 Shares

Nike Inc (NKE): John F Slusher , EVP: GBL SPORTS MKTG of Nike Inc sold 40,000 shares on Apr 28, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $59.17 per share for a total value of $2,366,952.00 , 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, Hilary K Krane (EVP, CAO and General Counsel) sold 55,000 shares at $59.13 per share price.On Apr 27, 2016, John F Slusher (EVP: GBL SPORTS MKTG) sold 40,000 shares at $59.59 per share price.Also, On Apr 25, 2016, John C Lechleiter (director) purchased 1,000 shares at $60.18 per share price.On Apr 21, 2016, Eric D Sprunk (CHIEF OPERATING OFFICER) sold 1,133 shares at $59.56 per share price.

Shares of Nike Inc (NKE) ended Wednesday, Apr 27, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -0.45% at $59.27 with 80,94,578 shares getting traded. Post opening the session at $59.63, the shares hit an intraday low of $58.6299 and an intraday high of $59.73 and the price vacillated in this range throughout the day. The company has a market cap of $99,853 M and the number of outstanding shares has been calculated to be 1,68,47,21,800 shares. The 52-week high of Nike Inc is $68.195 and the 52-week low is $47.25.

Nike Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Nike Inc is Reiterated by Canaccord Genuity to Hold while Lowering the Price Target of the company shares to $ 57 from a previous price target of $66 . The Rating was issued on Mar 23, 2016.Nike Inc is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 75 from a previous price target of $150 . The Rating was issued on Mar 23, 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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