Back to top

Image: Bigstock

NIKE (NKE) Surges: Stock Moves 9.2% Higher

Read MoreHide Full Article

NIKE, Inc. (NKE - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $62.80 –$93.79 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen six 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 #4 (Sell) while its Earnings ESP is negative.

NIKE, Inc. Price

Investors interested in the Shoes and Retail Apparel industry may consider Rocky Brands, Inc. (RCKY - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

NIKE, Inc. (NKE) - free report >>

Rocky Brands, Inc. (RCKY) - free report >>