Analysts Forecast Upward Turn for Nike Inc (NYSE:NKE), Closing The Day At $80.73

Nike Inc (NYSE:NKE)

August 11th, 2018

Amidst falling markets Nike Inc fell $0.53 Monday which equals a 0.65% drop, closing at $80.73.

NKE outperformed the rest of the Consumer Discretionary sector which went down only 0.82% today.

Nike Inc is listed on the DOW index, and was one of 24 stocks that slumped today. Weighted by market cap, NKE represents about 1.78% of the DOW.

Nike Inc is listed on the S&P 500 index, and was one of 387 stocks that dropped today. Weighted by market cap, NKE represents about 0.42% of the S&P 500.

Nike Inc Info

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men’s training, women’s training, action sports, sportswear, and golf. The company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking, and outdoor activities. In addition, it sells sports apparel; and markets apparel with licensed college and professional team and league logos. Further, the company sells a line of performance equipment, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment under the NIKE brand for sports activities; various plastic products to other manufacturers; athletic and casual footwear, apparel, and accessories under the Jumpman trademark; action sports and youth lifestyle apparel and accessories under the Hurley trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Additionally, it licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores, sporting goods stores, athletic specialty stores, department stores, skate, tennis and golf shops, and other retail accounts through NIKE-owned retail stores and Internet Websites, mobile applications, independent distributors, and licensees. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

All amounts in USD unless otherwise indicated

NKE daily update
NKE daily update

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