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Nike stock closes at all-time high
Yahoo Sports ^ | 9/14 | Jack Baer

Posted on 09/14/2018 6:24:20 AM PDT by TangledUpInBlue

Ten days after Nike announced that Colin Kaepernick would be the face of its “Just Do It” 30th anniversary ad campaign, the sports apparel behemoth’s stock price closed at an all-time high on Thursday at $83.47, according to a report from Bloomberg.

Nike had previously faced a noticeable dip in its stock price in the immediate aftermath of its Kaepernick announcement, dropping nearly 3 percent in the next day of trading at the New York Stock Exchange. That fall has since been made up and more, with the current price slightly besting the company’s previous high of $83.00 from Wednesday and an earlier peak of $82.95 on Aug. 21, 2018

(Excerpt) Read more at yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: nfl; nike; nikeboycott
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I guess their PR team knew what they were doing after all. I was certain they would have vetted this 10 ways til Sunday before creating this campaign and it looks like they were spot on.
1 posted on 09/14/2018 6:24:20 AM PDT by TangledUpInBlue
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To: TangledUpInBlue

Or Nike’s been buying up their own stock.


2 posted on 09/14/2018 6:25:25 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: TangledUpInBlue

Here’s hoping these “investors” take it in the shorts.


3 posted on 09/14/2018 6:26:03 AM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: mewzilla

Next earnings report will tell th tale


4 posted on 09/14/2018 6:27:23 AM PDT by willyd (I for one welcome our NSA overlords)
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To: BenLurkin

I think the holders of this stock, which are likely large institutional investors, have managers that operate just like “Mr. Wonderful”.

They are not emotional. They don’t like causes. They like MONEY.


5 posted on 09/14/2018 6:28:14 AM PDT by TangledUpInBlue
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To: mewzilla

That’s easy enough to find out.


6 posted on 09/14/2018 6:28:54 AM PDT by TangledUpInBlue
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To: TangledUpInBlue

Fake news - Nike, along with a lot of other stocks are at all time highs. If anything it should’ve been 4% higher because of the drop.

The real proof of the pudding will come after Christmas sales.


7 posted on 09/14/2018 6:29:02 AM PDT by Skywise
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To: TangledUpInBlue

What?!

No, “Unexpectedly,” in the title like they do with the economy and job growth stories when Trump’s policies improve them?!?!


8 posted on 09/14/2018 6:29:11 AM PDT by RandallFlagg (They all get down, and arm up. Ready to take down tyrrany. The magnificient Seven.)
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To: mewzilla

Or China.


9 posted on 09/14/2018 6:29:34 AM PDT by Phillyred (Kieran Hussie)
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To: willyd

The SEC filings should make interesting reading. Lying to the public is one thing. To the Feds....


10 posted on 09/14/2018 6:29:42 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: Skywise

Umm, it’s not fake. It’s at an all time high. Pretty easy to verify. You could say “it should be higher” of any stock. No one would ever know that for sure.


11 posted on 09/14/2018 6:30:00 AM PDT by TangledUpInBlue
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To: TangledUpInBlue

Nike will benefit from being anti-cop, anti-America etc. Their market is 16-30 year olds who have been indoctrinated in public schools and haven’t lifted a finger to pay taxes, millennials, they “think” socialism is cool.


12 posted on 09/14/2018 6:30:19 AM PDT by 1Old Pro
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To: TangledUpInBlue
Let's be real....It's all about demographics.

Would like to see who bought blocks.

13 posted on 09/14/2018 6:31:57 AM PDT by Sacajaweau
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To: TangledUpInBlue

The rich leftists must be buying Nike by the truckload


14 posted on 09/14/2018 6:33:45 AM PDT by Pollard (If you don't understand what I typed, you haven't read the classics.)
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To: TangledUpInBlue

Soros.


15 posted on 09/14/2018 6:34:54 AM PDT by Governor Dinwiddie ("Nature, Mr. Allnut, is what we are put in this world to rise above.")
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To: TangledUpInBlue

There is a lot of evil in this world. One need only know where to find it....


16 posted on 09/14/2018 6:35:05 AM PDT by rockrr ( Everything is different now...)
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To: Pollard
The rich leftists must be buying Nike by the truckload

75% are purchased my socialist millennials, this was probably a smart short term move by Nike.

17 posted on 09/14/2018 6:35:33 AM PDT by 1Old Pro
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To: TangledUpInBlue
I guess their PR team knew what they were doing after all. I was certain they would have vetted this 10 ways til Sunday before creating this campaign and it looks like they were spot on.

I buy American made New Balance sports wear and suspect most conservatives do too.

Nike is an international company whose anti-American marketing campaign is likely to resonate around the world.

18 posted on 09/14/2018 6:39:02 AM PDT by fso301
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To: TangledUpInBlue

The Stinky Sneakers crowd says, “In yo face, America! Take your flag and shove it.” The chimps are not going to give up their 300 dollar pairs of stinky sneakers and 600 dollar football jerseys.


19 posted on 09/14/2018 6:39:38 AM PDT by FlingWingFlyer (#NotARussianBot)
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To: TangledUpInBlue

Let’s see how the 4th Quarter sales numbers look before concluding NIKE made a wise decision to irritate more than half of their customer base.

In the past my wife would order a NIKE shirt for her brother’s birthday present.

Not so this year. Her brother will get a New Balance shirt for his birthday present.


20 posted on 09/14/2018 6:43:28 AM PDT by Presbyterian Reporter
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