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The Latest Breaking News from Nike Inc

Microsoft Goes Aggressive In Its Protest Against Russia's Ukraine Invasion - Read How

In an email accessed by Bloomberg, Microsoft Corp (NASDAQ:MSFT) disclosed materially scaling down its operations in Russia following the Russian invasion of Ukraine. Microsoft joined the likes of International Business Machines Corp (NYSE:IBM) and Apple Inc (NASDAQ:AAPL), cutting back or exiting the country after the invasion. The scaling down will affect over 400 employees. “As a result…

Benzinga

Here's Why Stifel Slashed Price Target On Nike

Stifel analyst Jim Duffy lowered the price target on Nike Inc (NYSE:NKE) to $150 from $160, implying a 23.99% upside. Duffy kept a Buy rating on the shares. The analyst slashed the price target, considering the business restrictions in China due to the rise in COVID-19 cases and the strengthened U.S. dollar position. He said…

Benzinga

Nike Yet To Renew Franchise Agreements In Russia: Report

Nike Inc (NYSE:NKE) has not renewed agreements with its largest franchisee in Russia, Reuters reported, quoting Vedomosti daily newspaper. The U.S. sportswear maker suspended its Russia operations temporarily in March due to Russia's invasion of Ukraine. The head of Inventive Retail Group (IRG), which operates Nike-branded stores in Russia, reportedly said Nike…

Benzinga

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4 Retail Stocks to Avoid as Consumers Spend Less on Discretionary Items

Although retail sales surged in April, the inflationary pressures might dampen consumer demand. Consumer spending has been shifting away from discretionary retail toward staples in the face of the soaring inflation. Hence, we think discretionary retail stocks NIKE (NKE), Starbucks (SBUX), Five Below (FIVE), and Williams-Sonoma (WSM) might be avoided…

StockNews.com

Should You Add Shares of Nike to Your Investment Portfolio?

Nike’s (NKE) recent acquisition of RTFKT should help accelerate its digital transformation. It is already more profitable than its peers and analysts expect its revenue and EPS to increase. However, given its stretched valuation and mixed financials, is it worth adding the stock to one’s portfolio now? Read on to…

StockNews.com

Why Nike Shares Are Getting Hammered Today

Shares of several companies in the retail, including Nike Inc (NYSE: NKE), are trading lower following weak retail earnings this week from Walmart and Target. Anticipation of further Federal Reserve policy tightening has continued to weigh on stocks across sectors.

Benzinga

Nike Terminates Sponsorship Deal With Spartak Moscow: Reuters

Nike Inc (NYSE:NKE) has ended its sponsorship deal with Russian Premier League club Spartak Moscow, Reuters reported. The move comes after UEFA, the governing body of European soccer, decided Russia will not have its team's club competitions in the 2022-23 season due to the invasion of Ukraine. Spartak has been sponsored by…

Benzinga

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What's Going On With Nike Shares?

Shares of several companies in the retail & apparel space, including Nike Inc (NYSE: NKE), are trading lower as stocks continue to fall amid concerns over the potential economic impacts of Fed rate hikes and the Russia-Ukraine conflict. Traders also weigh recent earnings reports.

Benzinga

'Welcome To 2052': Here Comes Nike's Metaverse NFT Wearables

Nike Inc (NYSE: NKE), along with the RTFKT, recently announced the launch of its first Ethereum (CRYPTO: ETH) NFT sneakers, called CryptoKicks.

Benzinga

Peering Into Nike Inc's Recent Short Interest

Nike Inc's (NYSE:NKE) short percent of float has risen 21.18% since its last report. The company recently reported that it has 12.73 million shares sold short, which is 1.03% of all regular shares that are available for trading.

Benzinga

Amazon Teams Up With Ben Affleck And Matt Damon For Movie About A Historic Sports Endorsement Deal

Two well-known actors and friends are partnering to bring the story of a former Nike Inc (NYSE: NKE) executive to life.

Benzinga

What's Going On With Nike Shares?

Shares of several companies in the retail & apparel sector, including Nike Inc (NYSE: NKE), are trading higher amid overall market strength as traders assess Fed policy outlook, rising Treasury yields and quarterly earnings reports.

Benzinga

Why Nike Is Off To The Races After Breaking Up From This Pattern And What To Watch For Next

Nike Inc (NYSE: NKE) was rallying almost 5% on Thursday with continued momentum from Wednesday’s price action, when the stock began to react to a bullish double bottom pattern.

Benzinga

If You Invested $1,000 In Nike Stock After Tiger Woods Won The 1997 Masters, Here's How Much You'd Have Now

Tiger Woods took the golf world by storm in 1997 with a win at the Masters Tournament. The win and a surge in interest in golf also paid off for Nike Inc (NYSE: NKE), one of Woods’ main sponsors over the years.

Benzinga

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Analyzing Nike Inc's Short Interest

Nike Inc's (NYSE:NKE) short percent of float has risen 14.86% since its last report. The company recently reported that it has 10.54 million shares sold short, which is 0.85% of all regular shares that are available for trading.

Benzinga

What's Going On With Nike Shares?

Nike Inc (NYSE: NKE) shares are trading flat at $134.49 Friday morning on average volume. Despite a lack of company-specific news Friday, there were a number of reports out this trading week pertaining to Nike’s product lines.

Benzinga

What's Going On With Nike Shares?

Nike Inc (NYSE: NKE) shares are trading 0.25% higher at $139.48 Wednesday afternoon. Nike shares have rose approximately 4.5% over the past 5 trading sessions and 11% over the past 10 trading sessions.

Benzinga

Here's How Many People Have Visited NIKELAND In Roblox

Nike Inc (NYSE: NKE) is among the large public companies pushing to grow its business through the metaverse. Here's how successful a partnership with Roblox Corp (NYSE: RBLX) has been.

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If You Invested $1,000 In Nike Stock At IPO, Here's How Much You'd Have Now

Apparel and footwear company Nike Inc (NYSE: NKE) has been a dominant player in its sector since it was founded in 1964. Here’s a look at how the company has performed since its IPO.

Benzinga

Etsy, Moderna Lead The S&P 500 Higher

U.S. indices finished higher Tuesday amid strength in Nike Inc (NYSE: NKE) following third-quarter earnings. Investors also weighed Monday comments from Fed chair Powell suggesting the Fed would take necessary steps to curb inflation.

Benzinga

PreMarket Prep Stock Of The Day: Nike

It has been a mixed earnings season for retailers with some big beats and some big misses. One issue that came out with a beat is Nike Inc. (NYSE: NKE) and its price action makes it the PreMarket Prep Stock Of The Day.

Benzinga

5 Nike Analysts Praise Q3 Earnings Beat, Booming North American Sales Growth

Nike Inc (NYSE: NKE) shares gained 4.3% on Tuesday after the company reported a fiscal third-quarter earnings beat, driven by strong North American demand in an uncertain international market.

Benzinga

Why Nike Shares Are Trading Higher Today

Nike Inc (NYSE: NKE) shares are trading higher Tuesday after the company reported better-than-expected financial results.

Benzinga

Nike Q3 Earnings Highlights: Revenue And EPS Beat, Digital Sales Growth And More

Apparel and footwear company Nike Inc (NYSE: NKE) reported third-quarter financial results after market close Thursday. Here are the highlights for investors.

Benzinga

Looking Into Nike Inc's Recent Short Interest

Nike Inc's (NYSE:NKE) short percent of float has risen 12.12% since its last report. The company recently reported that it has 9.14 million shares sold short, which is 0.74% of all regular shares that are available for trading.

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