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NKE Nike Inc

94.12
0.18 (0.19%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Nike Inc NYSE:NKE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.18 0.19% 94.12 95.4174 93.91 94.44 6,115,756 01:00:00

Nike Shares Moving Higher on NYSE Wednesday

25/03/2020 4:08pm

Dow Jones News


Nike (NYSE:NKE)
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From Apr 2019 to Apr 2024

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By Stephen Nakrosis

 

Shares of Nike Inc. are trading higher on the New York Stock Exchange Wednesday, a day after the company's chief executive said sales in China are rebounding.

At 11:22 a.m. EDT, Nike shares had gained 10.48% to trade at $79.88. Volume topped 10.3 million shares, above the 65-day average volume of some 8.7 million.

Nike also said that digital sales helped to offset the loss in retail sales in that country.

Earlier Wednesday, Nike's price target was raised to $84 a share from $80 by Deutsche Bank. Wedbush raised the price target to $93 from $91 and Credit Suisse upped its price target on Nike stock to $92 from $85.

UBS cut its price target to $114 a share of Nike stock from $123, and Raymond James cut its target from $110 to $100.

Also on Wednesday, Moody's said it was revising its outlook on Nike to negative.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

March 25, 2020 11:53 ET (15:53 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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