Nike (NKE) Stock Jumps as Traders Rotate Into Beaten-Down Consumer Names
Image: CoinCentral
TLDR Nike (NKE) stock rose 5% Thursday to about $37.19 and was trading near $37.50 on Friday. Volume ran 87% above average, and call buying was 27% above normal as traders left AI names. A Barron’s columnist turned bullish, citing record volume and a $50 target by mid-2027 if $33.75 holds. Last quarter, EPS beat at $0.48, but revenue fell 4% and Greater China sales dropped 22%. Analysts rate the stock “Reduce” with an average price target of $41.07. Nike (NKE) stock traded around $37.50 on Friday. That follows a 5% jump on Thursday, when it hit $37.19 after closing Wednesday at $35.30. NIKE, Inc., NKE The stock reached $37.73 at the high. About 46.3 million changed hands, 87% above the daily average.
Read the full story on CoinCentralBeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.
