Large Outflow of Money Witnessed in Nike

Shares of Nike (NYSE:NKE) advanced to $55.12. The price had gained 0.02% or 0.01 points intraday. The latest trading session witnessed $29.15 million in upticks and $37.64 million in downticks, resulting in net money flow of (-8.5) million. The up/down ratio for the day stood at 0.77. On a weekly scale, the price has seen a change of 3.12%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-9.68) million occurred during the day. $1.11 million in uptick and $10.79 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.1.


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, Sprunk Eric D, officer (CHIEF OPERATING OFFICER) of Nike Inc, unloaded 135,764 shares at an average price of $58.82 on April 29, 2016. The total amount of the transaction was worth $7,985,638, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Nike (NYSE:NKE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.2 points or 0.36% at $54.91 with 8,582,181 shares getting traded. Post opening the session at $55, the shares hit an intraday low of $54.88 and an intraday high of $55.64 and the price was in this range throughout the day. The company has a market cap of $92,508 million and the number of outstanding shares have been calculated to be 1,684,721,800 shares. The 52-week high of Nike (NYSE:NKE) is $68.195 and the 52-week low is $47.25.

Many analysts have stated their opinion on the company shares. Morgan Stanley downgrades their rating on the shares of Nike (NYSE:NKE). The current rating of the shares is Equal-weight. Earlier, the shares were rated a Overweight by the brokerage firm. Equity Analysts at the Firm lowers the price target to $60 per share from $69 per share. The rating by the firm was issued on June 1, 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), 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.

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