Nike, Inc’s recently made public that its Director ROGERS JOHN W JR acquired Company’s shares for reported $0.19 million on Dec 27 ’24. In the deal valued at $76.65 per share,2,500 shares were bought. As a result of this transaction, ROGERS JOHN W JR now holds 34,403 shares worth roughly $2.48 million.
Then, PARKER MARK G sold 45,190 shares, generating $3,463,362 in total proceeds. Upon selling the shares at $76.64, the EXECUTIVE CHAIRMAN now owns 967,659 shares.
Before that, PARKER MARK G bought 45,190 shares. Nike, Inc shares valued at $3,463,362 were divested by the Officer at a price of $76.64 per share.
Telsey Advisory Group downgraded its Nike, Inc [NKE] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who remained covering the stock and in mid December has reiterated a ‘”an Overweight”‘ rating for it. Telsey Advisory Group also remained covering NKE and reiterated its “an Outperform” recommendation on December 16, 2024. Needham started covering the stock on November 22, 2024. It rated NKE as “a Buy”.
Price Performance Review of NKE
On Tuesday, Nike, Inc [NYSE:NKE] saw its stock jump 0.12% to $72.09. Over the last five days, the stock has lost -3.43%. Nike, Inc shares have fallen nearly -4.73% since the year began. Nevertheless, the stocks have fallen -29.38% over the past one year. While a 52-week high of $107.43 was reached on 01/02/25, a 52-week low of $70.75 was recorded on 01/06/25. SMA at 50 days reached $76.75, while 200 days put it at $83.30.
Levels Of Support And Resistance For NKE Stock
The 24-hour chart illustrates a support level at 71.57, which if violated will result in even more drops to 71.04. On the upside, there is a resistance level at 73.03. A further resistance level may holdings at 73.96. The Relative Strength Index (RSI) on the 14-day chart is 30.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.29%. Stochastics %K at 2.37% 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 2024-11-29, growing by 2.16 million shares to a total of 25.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 23.12 million shares. There was a rise of 8.54%, which implies that there is a positive sentiment for the stock.
