Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nike, Inc shares valued at $3,463,362 were sold by PARKER MARK G on Nov 14 ’24. At $76.64 per share, PARKER MARK G sold 45,190 shares. The insider’s holdings dropped to 967,659 shares worth approximately $74.41 million following the completion of this transaction.
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Also, PARKER MARK G purchased 45,190 shares, netting a total of over 3,463,362 in proceeds.
Before that, PARKER MARK G had sold 52,487 shares from its account. In a trade valued at $4,093,986, the EXECUTIVE CHAIRMAN traded Nike, Inc shares for $78.00 each. Upon closing the transaction, the insider’s holdings decreased to 52,487 shares, worth approximately $79.3 million.
As published in a research note from Wells Fargo on December 16, 2024, Nike, Inc [NKE] has been retained to an Overweight and the price target has been revised to $92. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid December. As of November 22, 2024, Needham has initiated its “Buy” rating for NKE. Earlier on October 10, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for NKE stock which previously was a “a Hold”.
Analyzing NKE Stock Performance
During the last five days, there has been a drop of approximately -2.47%. Over the course of the year, Nike, Inc shares have dropped approximately -29.17%. Shares of the company reached a 52-week high of $107.85 on 01/02/24 and a 52-week low of $70.75 on 08/05/24. A 50-day SMA is recorded $78.36, while a 200-day SMA reached $84.78. Nevertheless, trading volume fell to 14.18 million shares from 12.43 million shares the previous day.
Support And Resistance Levels for Nike, Inc (NKE)
According to the 24-hour chart, there is a support level at 76.16, which, if violated, would cause prices to drop to 75.42. In the upper region, resistance lies at 78.32. The next price resistance is at 79.74. RSI (Relative Strength Index) is 46.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 87.88%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
