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 $191,624 were purchased by ROGERS JOHN W JR on Dec 27 ’24. At $76.65 per share, ROGERS JOHN W JR acquired 2,500 shares. The insider’s holdings grew to 34,403 shares worth approximately $2.56 million following the completion of this transaction.
Also, PARKER MARK G sold 45,190 shares, netting a total of over 3,463,362 in proceeds. Following the sale of shares at $76.64 each, the insider now holds 967,659 shares.
Before that, PARKER MARK G had added 45,190 shares to its account. In a trade valued at $3,463,362, the Officer bought Nike, Inc shares for $76.64 each.
As published in a research note from Piper Sandler on January 10, 2025, Nike, Inc [NKE] has been rated up from a Neutral to an Overweight and the price target has been revised to $90 from $72. Analysts at Telsey Advisory Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid December. As of December 16, 2024, Wells Fargo has reiterated its “an Overweight” rating for NKE. Earlier on December 16, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for NKE stock.
Analyzing NKE Stock Performance
During the last five days, there has been a surge of approximately 4.53%. Over the course of the year, Nike, Inc shares have dropped approximately -1.82%. Shares of the company reached a 52-week high of $76.69 on 01/02/25 and a 52-week low of $70.32 on 01/16/25. A 50-day SMA is recorded $75.67, while a 200-day SMA reached $82.31. Nevertheless, trading volume fell to 10.66 million shares from 13.03 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 72.94, which, if violated, would cause prices to drop to 71.59. In the upper region, resistance lies at 75.07. The next price resistance is at 75.85. RSI (Relative Strength Index) is 51.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.60, which suggests the price will increase in the coming days. Percent R is at 37.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
