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The Latest Breaking News from Nike Inc

Ukraine's Zelenskiy thanks Nike for leaving Russia market

Ukrainian President Volodymyr Zelenskiy said on Friday he had spoken to Nike Inc and thanked the U.S. sportswear maker for making what he called the "right decision" to pull out of Russia.

Reuters

Here's How Much Nike Has Made From NFTs

Apparel and footwear giant Nike Inc (NYSE: NKE) is one of the largest public companies to make its presence known in the non-fungible token space. Here’s a look at how Nike is involved and how much money it made.

Benzinga

RTFKT, Owned By Nike, Permits Commercial Rights To NFTs For CloneX Holders

Nike Inc.'s (NYSE: NKE) RTFKT has granted new utilities to CloneX’s holders, including commercial rights to the non-fungible tokens (NFTs). The Nike-owned web3 brand looks to permit NFT holders to create fan art, make avatar-based merchandise and launch derivative projects.

Benzinga

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PreMarket Prep Stock Of The Day: Why The Nike Stock Chart Could Signal A Fall To The Double Digits

Over the years, Nike Inc (NYSE: NKE) has been an extremely volatile stock for some reason, even when it traded in double-digits and before the decimation of the market.

Benzinga

Nike's Fourth Quarter 'Not As Bad As Feared': Why 3 Analysts Are Lowering Price Targets

Apparel and footwear company Nike Inc. (NYSE: NKE) reported fourth quarter earnings Monday after market close.

Benzinga

Why Nike Shares Are Sliding

Nike Inc (NYSE: NKE) shares are trading lower Tuesday after the company reported earnings. Several analysts also lowered price targets on the stock following the company's quarterly results.

Benzinga

Nike Q4 Earnings Highlights: Sales And EPS Beat, Nike Direct Sales Up 7%, New Share Buyback And More

Apparel and footwear company Nike Inc (NYSE: NKE) reported fourth-quarter and full fiscal year earnings Monday after the market close. Here are the key highlights for investors.

Benzinga

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Telsey Advisory Cuts Nike Price Target - Read Why

Telsey Advisory Group analyst Cristina Fernández has lowered the price target on Nike Inc (NYSE:NKE) to $140 (32% upside) from $170 and kept Outperform rating on the shares. The analyst cited near-term risks, including the impact of strict COVID lockdowns in China, demand decline in wholesale channel, given lowered expectations for 2H22 by key partners…

Benzinga

This Stock Has Fallen 35% YTD And Is Now 'The Definition Of Quality On Sale'

Hightower Advisors' Stephanie Link bought Nike Inc (NYSE: NKE) shares ahead of earnings next week and is prepared to buy more if it sells off further.

Benzinga

Why Nike Shares Are Nosediving Today

Nike Inc (NYSE: NKE) shares are trading lower by 6.44% to $106.14 Thursday afternoon in sympathy with the overall market.

Benzinga

Why Nike, Target And Etsy Shares Are All Falling Today

Nike Inc (NYSE: NKE), Target Corporation (NYSE: TGT) and Etsy Inc (NASDAQ: ETSY) shares are all trading lower Friday as shares of retail

Benzinga

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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StockNews.com

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…

Benzinga

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…

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Benzinga

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.

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