Nike, Inc.s in-depth stock price analysis indicates that the stock price has rallied 10.02% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -4.71% . Looking at the past 52 week period, the stock price is down -0.35% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Nike, Inc. has a negative value of -17.31 compared to overall market performance. Nike, Inc. (NYSE:NKE) has climbed 7.37% in the past week and advanced 6.24% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.51% and the outperformance has advanced to 4.33% for the last 4 weeks period.
Nike, Inc. (NYSE:NKE) : On Friday heightened volatility was witnessed in Nike, Inc. (NYSE:NKE) which led to swings in the share price. The stock opened for trading at $55.63 and hit $56.47 on the upside , eventually ending the session at $56.22, with a gain of 1.65% or 0.91 points. The heightened volatility saw the trading volume jump to 14,973,383 shares. The 52-week high of the share price is $65.44 and the company has a market cap of $93,015 million. The 52-week low of the share price is at $49.01 .
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 .
Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Mark G Parker (CHAIRMAN, PRESIDENT & CEO) sold 100,000 shares at 52.94 per share price.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.
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.