Nike Inc. (NKE) Dips 2.88% for July 07

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday July 07 was Nike Inc. (NKE). The stock experienced a 2.88% decline to $97.07 with 6.32 million shares changing hands.

Nike Inc. started at an opening price of 99.22 and hit a high of $99.55 and a low of $96.92. Ultimately, the stock took a hit and finished the day at $2.88 per share. Nike Inc. trades an average of n/a shares a day out of a total 1.56 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Nike Inc. hit a high of $105.63 and a low of $60.00 over the last year.

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

With its headquarters located in Beaverton, OR, Nike Inc. employs 76,700 people. After today’s trading, the company’s market cap has fallen to $150.95 billion, a P/S of n/a, a P/B of 18.74, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Nike Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: NKE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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