Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $74.45 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 $79.34 million.
As published in a research note from Telsey Advisory Group on December 20, 2024, Nike, Inc [NKE] has been rated down from an Outperform to a Market perform and the price target has been revised to $80. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid December. As of December 16, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for NKE. Earlier on November 22, 2024, Needham initiated its rating. Their recommendation was “a Buy” for NKE stock.
Analyzing NKE Stock Performance
During the last five days, there has been a surge of approximately 0.05%. Over the course of the year, Nike, Inc shares have dropped approximately -29.13%. 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 $77.84, while a 200-day SMA reached $84.22. Nevertheless, trading volume fell to 6.35 million shares from 4.92 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 76.50, which, if violated, would cause prices to drop to 76.06. In the upper region, resistance lies at 77.42. The next price resistance is at 77.90. RSI (Relative Strength Index) is 46.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 67.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
