In a filing, Nike, Inc revealed 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 $2.45 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.
Piper Sandler upgraded its Nike, Inc [NKE] rating to an Overweight from a a Neutral in a research note published on January 10, 2025; the price target was increased to $90 from $72. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Market perform”. Wells Fargo also remained covering NKE and reiterated its “an Overweight” recommendation on December 16, 2024. Telsey Advisory Group maintained its rating on December 16, 2024. It rated NKE as “an Outperform”.
Price Performance Review of NKE
On Tuesday, Nike, Inc [NYSE:NKE] saw its stock fall -1.26% to $71.17. Over the last five days, the stock has lost -1.15%. Nike, Inc shares have fallen nearly -5.95% since the year began. Nevertheless, the stocks have fallen -32.80% 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 01/14/25. SMA at 50 days reached $76.21, while 200 days put it at $82.86.
Levels Of Support And Resistance For NKE Stock
The 24-hour chart illustrates a support level at 70.40, which if violated will result in even more drops to 69.62. On the upside, there is a resistance level at 72.08. A further resistance level may holdings at 72.98. The Relative Strength Index (RSI) on the 14-day chart is 31.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.87%. Stochastics %K at 9.25% 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.
The most recent change occurred on November 22, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $84 price target.
