Nike, Inc’s filing revealed that its EXECUTIVE CHAIRMAN PARKER MARK G unloaded Company’s shares for reported $3.46 million on Nov 14 ’24. In the deal valued at $76.64 per share,45,190 shares were sold. As a result of this transaction, PARKER MARK G now holds 967,659 shares worth roughly $71.52 million.
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Then, PARKER MARK G bought 45,190 shares, generating $3,463,362 in total proceeds.
Before that, PARKER MARK G sold 52,487 shares. Nike, Inc shares valued at $4,093,986 were divested by the EXECUTIVE CHAIRMAN at a price of $78.00 per share. As a result of the transaction, PARKER MARK G now holds 1,031,226 shares, worth roughly $76.22 million.
Truist upgraded its Nike, Inc [NKE] rating to a Buy from a a Hold in a research note published on October 10, 2024; the price target was increased to $97 from $83. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early October has reiterated a ‘”an Outperform”‘ rating for it. RBC Capital Mkts maintained its rating on July 02, 2024. It rated NKE as “a Sector perform”.
Price Performance Review of NKE
On Tuesday, Nike, Inc [NYSE:NKE] saw its stock fall -1.31% to $73.91. Over the last five days, the stock has lost -3.59%. Nike, Inc shares have fallen nearly -31.92% since the year began. Nevertheless, the stocks have fallen -30.25% over the past one year. While a 52-week high of $123.39 was reached on 01/02/24, a 52-week low of $70.75 was recorded on 08/05/24. SMA at 50 days reached $80.71, while 200 days put it at $87.41.
Levels Of Support And Resistance For NKE Stock
The 24-hour chart illustrates a support level at 73.43, which if violated will result in even more drops to 72.95. On the upside, there is a resistance level at 74.56. A further resistance level may holdings at 75.21. The Relative Strength Index (RSI) on the 14-day chart is 32.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.74%. Stochastics %K at 18.85% indicates the stock is a buying.
How much short interest is there in Nike, Inc?
A steep rise in short interest was recorded in Nike, Inc stocks on 2024-10-31, growing by 0.36 million shares to a total of 23.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 22.76 million shares. There was a rise of 1.55%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 28, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $100.
