Should You Buy Nike Inc (NKE) Stock on Tuesday?

Nike Inc (NKE) stock is higher by 0.10% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Nike Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NKE!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With NKE Stock Today?

Nike Inc (NKE) stock is higher by 0.75% while the S&P 500 is lower by -1% as of 1:52 PM on Tuesday, Jan 25. NKE is higher by $1.10 from the previous closing price of $146.00 on volume of 4,256,033 shares. Over the past year the S&P 500 is higher by 13.25% while NKE is higher by 6.94%. NKE earned $3.81 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 38.62.

More About Nike Inc

Nike is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan. Footwear generates about two thirds of its sales. Nike's brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide and outsources its production to more than 300 factories in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon. Click Here to get the full Stock Report for Nike Inc stock.