Large Outflow of Money Witnessed in Nike

Nike (NKE) : Tuesdays money flow analysis of Nike (NKE) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $106.68 million. In comparison, the inflow of money on upticks was a meager $90.99 million. The dollar value of composite uptick trades minus the downtick trades was negative $15.69 million. The uptick to downtick ratio of 0.85 in the money flow shows weakness. The uptick block trades were valued at $4.54 million. The downtick transaction value was high at $21.11 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.22. Hence, the net money flow in the stock was negative ($16.57 million). Nike (NKE) gained $1.23 at $58.06, a change of 2.16% over the previous days close.


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 9.22% . Institutional Investors own 63.51% of Nike shares. During last six month period, the net percent change held by insiders has seen a change of 9.22%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Director of NIKE INC, Lechleiter John C, had purchased 1,000 shares in a transaction dated on July 1, 2016. The transaction was executed at $55.09 per share with total amount equaling $55,090.

Shares of NIKE, Inc. rose by 5.18% in the last five trading days and 5.35% for the last 4 weeks. NIKE, Inc. has dropped 0.55% during the last 3-month period . Year-to-Date the stock performance stands at -6.59%.

Nike (NYSE:NKE): stock turned positive on Tuesday. Though the stock opened at $57.09, the bulls momentum made the stock top out at $58.2 level for the day. The stock recorded a low of $57.07 and closed the trading day at $58.06, in the green by 2.16%. The total traded volume for the day was 11,164,368. The stock had closed at $56.83 in the previous days trading.

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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