What's Going on With Nike Stock?

By Parkev Tatevosian, CFA – Updated Jan 7, 2023 at 12:08PM

NYSE: NKE

Nike

Market Cap

$142B

Today's Change

(0.19%) $0.18

Current Price

$94.12

Price as of April 26, 2024, 4:00 p.m. ET

The iconic athletics company is getting a boost from the reopening of the Chinese economy.

Nike's (NKE 0.19%) sales jumped in its most recent quarter, and investors wonder whether that growth is sustainable. In this video, we'll get some insight into what's going on with Nike's stock.

*Stock prices used were the afternoon prices of Jan. 4, 2023. The video was published on Jan. 6, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.