Nike Shares Gain Nearly 2% Amid Strong Trading Momentum
Nike Inc. (NKE) climbed 1.9% to $65.35 in Tuesday’s session, shrugging off after-hours slippage as traders bet on the stock maintaining its $65 support level. The MOVE comes despite persistent margin pressures—gross margins contracted 300 basis points to 40.6% last quarter—and mixed footwear demand signals.
Volume surged above recent averages, suggesting both institutional and retail participation. Market observers are scrutinizing U.S. labor data for clues on consumer discretionary spending, which could dictate near-term performance for the sportswear giant.
While December’s volatility exposed vulnerabilities in Nike’s product cycle recovery, today’s price action implies confidence in operational continuity without fresh catalysts. The stock remains a bellwether for broader apparel sector sentiment.
