Large Outflow of Money Witnessed in Nike, Inc.

Shares of Nike, Inc. (NKE) traded 0.12 points or 0.22% higher at $53.02.The total intraday money flow for the shares came in at a disappointing $(-5.98) million. The total upticks amounted to $54.02 million and the total downticks were approximately $60 million, with the up/down ratio of 0.9. On a different note, the shares have seen -0.33% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $12.47 million in upticks and an outflow of $22.79 million in downticks. The up/down ratio for the block was found to be 0.55. The net money flow for the block transaction was $(-10.32) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

NIKE, Inc. has dropped 1.56% in the last five trading days, however, the shares have posted positive gains of 4.31% in the last 4 weeks. NIKE, Inc. is up 6.04% in the last 3-month period. Year-to-Date the stock performance stands at 4.31%. Nike, Inc. (NYSE:NKE) rose 0.23% or 0.12 points on Wednesday and made its way into the gainers of the day. After trading began at $52.98 the stock was seen hitting $53.26 as a peak level and $52.61 as the lowest level. The stock ended up at $53.02. The daily volume was measured at 8,810,937 shares. The 52-week high of the share price is $65.44 and the 52-week low is $49.01. The company has a market cap of $87,720 million.

Company has reported several Insider transactions to the SEC, on Jan 31, 2017, David J Ayre (EVP Global HR) sold 200,000 shares at 53.08 per share price.On Jan 5, 2017, John F Slusher (EVP: GBL SPORTS MKTG) sold 136,000 shares at 52.13 per share price.On Nov 2, 2016, Mark G Parker (CHAIRMAN, PRESIDENT & CEO) sold 150,000 shares at 49.97 per share price.

Nike Inc Last issued its quarterly earnings results on Dec 20, 2016. The company reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.43. The company had revenue of $8180.00 million for the quarter, compared to analysts expectations of $8093.89 million. The companys revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Nike Inc was Initiated by CLSA to Underperform on Jan 19, 2017. Nike Inc was Initiated by Atlantic Equities on Jan 19, 2017 to Overweight, Price Target of the shares are set at $65.Nike Inc was Reiterated by Credit Suisse on Dec 28, 2016 to Outperform, Price Target of the shares are set at $60.Nike Inc was Reiterated by Telsey Advisory Group on Dec 21, 2016 to Outperform, Lowers Price Target to $ 65 from a previous price target of $67 .Nike Inc was Reiterated by UBS on Dec 12, 2016 to Buy, Lowers Price Target to $ 61 from a previous price target of $67 .

Nike, Inc.s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.


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