Shares of Nike Inc. (NYSE:NKE) traded today at $162.95, eclipsing its 52-week high. This new high was reached on below average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 8.2 million shares.
Nike Inc 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.
In the past 52 weeks, shares of Nike Inc. have traded between a low of $95.80 and a high of $162.95 and is now at $162.85, which is 70% above that low price.
Nike Inc. (NYSE:NKE) is currently priced 1.2% above its average consensus analyst price target of $160.91.
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