Nike (NKE) : $60.55 million worth of transactions were on upticks in Nike (NKE), compared to $45.59 million on downticks. The ratio between the two was 1.33, whereas, the net money flow stood at a healthy $14.96 million on Mondays session.The block trades show a bullish bias with only $7.35 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $21.35million worth of trades. The up-down ratio between the uptick and downtick was 2.9, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $14 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.49%. The stock was trading at $56.45, with a drop of $0.28 over the previous days close. The stock recorded 1.07% for the week.
Shares of NIKE, Inc. appreciated by 1.41% during the last five trading days but lost 1.9% on a 4-week basis. NIKE, Inc. has dropped 0.36% during the last 3-month period . Year-to-Date the stock performance stands at -8.67%.
Nike (NYSE:NKE): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.65 and $56.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.77, notching a gain of 0.57% for the day. The total traded volume was 4,836,335 . The stock had closed at $56.45 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP: GBL SPORTS MKTG) of Nike Inc, Slusher John F had sold 72,696 shares worth of $4,198,194 in a transaction dated July 26, 2016. In this transaction, 72,696 shares were sold at $57.75 per share.
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.