Nike, Inc’s recent filing unveils 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 $75.1 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 $80.03 million.
Needham initiated its Nike, Inc [NKE] rating to a Buy in a research note published on November 22, 2024; the price target was $84. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. Telsey Advisory Group also remained covering NKE and reiterated its “an Outperform” recommendation on October 02, 2024.
Price Performance Review of NKE
On Tuesday, Nike, Inc [NYSE:NKE] saw its stock fall -2.08% to $77.61. Over the last five days, the stock has gained 5.01%. Nike, Inc shares have fallen nearly -28.52% since the year began. Nevertheless, the stocks have fallen -28.11% 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 $80.44, while 200 days put it at $86.71.
Levels Of Support And Resistance For NKE Stock
The 24-hour chart illustrates a support level at 77.16, which if violated will result in even more drops to 76.70. On the upside, there is a resistance level at 78.48. A further resistance level may holdings at 79.35. The Relative Strength Index (RSI) on the 14-day chart is 50.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.47%. Stochastics %K at 82.93% indicates the stock is a selling.
How much short interest is there in Nike, Inc?
A steep rise in short interest was recorded in Nike, Inc stocks on 2024-11-15, growing by 1.49 million shares to a total of 24.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 23.39 million shares. There was a rise of 6.0%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 02, 2024 when RBC Capital Mkts resumed its ‘”a Sector perform”‘ rating for the stock and retained the price target to $75.
