Nike Inc. ($NKE) Stock Forecast: Down 6.1% Today

What is Nike Inc.?

Nike (NKE) operates as a prominent global sports apparel and footwear corporation, possessing a market capitalization of $113.30 billion. It concluded the day at $76.90 with a downward trajectory.

Why is Nike Inc. going down?

NKE stock is down 6.1% on Feb 7, 2025 17:42

• Adjustments in analysts' ratings and alterations in Nike's future prospects might have impacted investor confidence, resulting in the stock's decline.
• Although Nike has exceeded market performance in the last two decades, current market conditions and analyst decisions could have contributed to its recent drop.
• Despite a surge in optimistic options trading on Nike, it may not have sufficed to counterbalance prevailing negative market sentiment.
• The stock's steeper descent compared to the broader market suggests internal company factors could have intensified the downturn.

NKE Price Chart

NKE Technical Analysis

NKE News

This Nike Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday - Air Products & Chemicals ( NYSE:APD ) , e.l.f. Beauty ( NYSE:ELF )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Morgan Stanley analyst Dara Mohsenian downgraded the rating for e.l.f. Beauty, Inc.

https://www.benzinga.com/25/02/43563442/this-nike-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-friday-2

$1000 Invested In Nike 20 Years Ago Would Be Worth This Much Today - Nike ( NYSE:NKE )

Nike NKE has outperformed the market over the past 20 years by 2.05% on an annualized basis producing an average annual return of 10.41%. Currently, Nike has a market capitalization of $113.30 billion.

https://www.benzinga.com/insights/news/25/02/43482812/1000-invested-in-nike-20-years-ago-would-be-worth-this-much-today

Nike's Options Frenzy: What You Need to Know - Nike ( NYSE:NKE )

Investors with a lot of money to spend have taken a bullish stance on Nike NKE. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/25/02/43474130/nikes-options-frenzy-what-you-need-to-know

Here's Why Nike ( NKE ) Fell More Than Broader Market

Nike (NKE) concluded the recent trading session at $76.90, signifying a -1.83% move from its prior day's close.

https://www.zacks.com/stock/news/2407834/heres-why-nike-nke-fell-more-than-broader-market

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Nike Inc. Price History

20.08.2024 - NKE Stock was up 6.2%

• Following the announcement of Elliott Hill as the new CEO, Nike's stock witnessed a strong bullish movement, underpinned by a focus on repairing retailer relations.
• Investor sentiment towards the company's strategy to rejuvenate sales was positive, reflecting a market response that favored the CEO transition.
• The selection of a company veteran to helm Nike indicates a commitment to continuity in vision and growth priorities.
• Despite encountering resistance around $88.50, the overall outlook on Nike appears upbeat, with the stock outperforming the market on the day.

20.08.2024 - NKE Stock was up 5.7%

• Nike's stock experienced a strong bullish movement following the announcement of Elliott Hill as the new CEO, signaling a positive market sentiment towards the leadership change.
• The focus on repairing retailer relations under Hill's leadership is likely seen as a strategic move to boost sales and strengthen partnerships within the industry.
• The market's positive reaction to the CEO transition reflects investor confidence in Nike's ability to navigate challenges and drive growth under new leadership.
• This shift in management could potentially lead to new strategies and initiatives that investors believe will drive the company's performance and enhance shareholder value in the long term.

04.01.2025 - NKE Stock was up 5.2%

• Despite recent concerns about Nike's performance, the stock displayed significant upward momentum today.
• The positive market response could be attributed to speculated turnaround strategies that resonated well with investors.
• Investors may have viewed the recent stock price decline as an advantageous buying opportunity, thereby fueling increased demand and driving the upward movement.
• The bullish trend seen in Nike's stock today likely resulted from a confluence of factors, encompassing investor confidence, potential strategic shifts, and market influences.

02.09.2024 - NKE Stock was down 6.5%

• First-quarter revenue for Nike was slightly below analyst estimates, resulting in a bearish movement in the stock.
• The company is currently going through a reset phase due to criticism over innovation and market share loss to competitors.
• Investor uncertainty and negative market sentiment may be linked to the recent CEO transition at Nike.
• Despite the recent downturn, Nike has a history of outperforming the market, indicating long-term growth potential.

02.09.2024 - NKE Stock was down 6.0%

• Nike's first-quarter financial results fell short of analyst expectations, with revenue missing estimates, leading to a bearish sentiment among investors.
• The incoming CEO's turnaround efforts are anticipated to take longer than initially projected, adding to the uncertainty surrounding the stock.
• Foot Locker's stock also declined in sympathy with Nike, reflecting a broader trend in the footwear and athletic apparel sector.
• The overall market sentiment was negative, with U.S. stock futures trading lower, further contributing to the downward pressure on Nike's stock price.

02.09.2024 - NKE Stock was down 6.4%

• Following its first-quarter financial results, Nike's stock faced a downward trend due to a revenue shortfall compared to analysts' expectations.
• Several analysts have lowered their price targets for Nike, signaling a decreased confidence in the company's immediate performance.
• The underperformance of Nike has had a ripple effect on other firms in the footwear and athletic apparel sector, including Under Armour and Foot Locker, which have also witnessed declines in their stock values in correlation to Nike's situation.
• Investor sentiment appears cautious regarding Nike's capability to address upcoming challenges under the new leadership of CEO Elliot Hill, reflecting a sense of apprehension about the company's future prospects.

13.07.2024 - NKE Stock was up 4.4%

• The upward trend in NKE stock today may be linked to investors' optimism regarding the company's resilience amidst an ongoing class action lawsuit.
• Despite legal hurdles, investors seem to be honing in on NIKE's strong brand reputation and market presence, bolstering the stock's positive movement.
• The looming deadline for the class action lawsuit might be prompting investor activity, resulting in increased trading volumes and a rise in the stock price.
• This bullish upswing indicates that market participants are evaluating potential legal outcomes and expressing confidence in NIKE's capacity to overcome the challenges ahead successfully.

13.07.2024 - NKE Stock was up 5.7%

• Nike stock surged over 5% higher today, despite the lack of any specific corporate news, indicating a strong positive sentiment among investors.
• Analysts' bullish assessments and reiterations of "buy" ratings on Nike stock, along with excitement over new product releases under popular franchises like Jordan and Dunk, contributed to the upward movement.
• The successful showcase at the Paris Olympics and the growing investor optimism following a softer-than-expected Producer Price Index (PPI) report may have further fueled the speculation and positive momentum in Nike stock.
• The availability of discounts on Nike workout gear through a coupon code might have also attracted more consumers, reflecting positively on the company's revenue potential and stock performance.

13.07.2024 - NKE Stock was up 5.6%

• The bullish movement in Nike's stock today can be attributed to multiple factors:
• Positive sentiment from investors taking a bullish stance on Nike, as indicated by the increase in options trading activity.
• The ongoing Gear Up for Fall event offering discounts on workout gear, which could be driving sales and boosting investor confidence in the company's revenue potential.
• Despite class action lawsuits against Nike for securities fraud, investors may be focusing more on the company's operational performance and growth prospects rather than legal challenges.
• Overall, the combination of positive investor sentiment, promotional activities, and a focus on core business operations likely contributed to the bullish movement in Nike's stock today.

15.07.2024 - NKE Stock was up 5.2%

• Nike's shares jumped by 3.3% in after-hours trading following news that a prominent investor built a stake in the company.
• The market reacted positively to the news of the investor showing confidence in Nike, indicating a boost in investor sentiment and confidence in the company's future prospects.
• The investor's move to take new stakes in Nike could have signaled to the market that there are potential growth opportunities and value in the company, leading to increased buying interest and driving the stock price higher.
• This bullish movement reflects the market's positive outlook on Nike's performance and potential for growth, fueled by the endorsement from a high-profile investor.

07.01.2025 - NKE Stock was down 6.1%

• Adjustments in analysts' ratings and alterations in Nike's future prospects might have impacted investor confidence, resulting in the stock's decline.
• Although Nike has exceeded market performance in the last two decades, current market conditions and analyst decisions could have contributed to its recent drop.
• Despite a surge in optimistic options trading on Nike, it may not have sufficed to counterbalance prevailing negative market sentiment.
• The stock's steeper descent compared to the broader market suggests internal company factors could have intensified the downturn.

07.01.2025 - NKE Stock was down 6.5%

• The bearish movement in Nike's stock today can be attributed to a combination of factors:
• Nike's stock fell more than the broader market, indicating a -1.83% decline from the previous day's close. This underperformance may have spooked investors and triggered selling pressure.
• Concerns about Nike's growth trajectory have been raised, with supply-chain issues, rising costs, and weak sales in key markets weighing on its performance. These factors could be contributing to the negative sentiment surrounding the stock.
• The options frenzy observed among investors, with a bullish stance on Nike, may not have been enough to offset the broader market concerns and specific challenges facing the company.
• The fall below the 50 and 200-day moving averages could be seen as a technical signal of trouble ahead, prompting further selling among traders and investors looking to cut their losses or take profits.