What is the Market's View on Nike Inc (NKE) Stock's Price and Volume Trends

Thursday, September 24, 2020 11:30 AM | InvestorsObserver Analysts

Nike Inc (NKE) stock has gained 6.65% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

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 trading at $124.10 as of 11:23 AM on Thursday, Sep 24, a decline of -$3.02, or -2.38% from the previous closing price of $127.12. The stock has traded between $123.32 and $127.54 so far today. Volume today is 5,985,315 compared to average volume of 7,153,414.

To see the top 5 stocks in the Footwear & Accessories industry click here.

More About Nike Inc

Nike Inc 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 400 factories in more than 40 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.

Click Here to get the full Stock Score Report on Nike Inc (NKE) Stock.

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