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Nike (NKE) Jumps: Stock Rises 11%

Nike, Inc. NKE was a big mover last session, as the company saw its shares rise 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $51.10 to $54.66 in the past one-month time frame.

The move came after the company reported solid fourth-quarter fiscal 2017 results and announced that it will start selling a limited product range directly on Amazon.

The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Nike currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Nike, Inc. Price and Consensus

A better-ranked stock in the Shoes and Retail Apparel industry is Adidas AG ADDYY, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is NKE going up? Or down? Predict to see what others think: Up or Down

5 Trades Could Profit "Big-League" from Trump Policies

If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.

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Nike, Inc. (NKE): Free Stock Analysis Report
 
Adidas AG (ADDYY): Free Stock Analysis Report
 
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