Why Nike Stock Is Skyrocketing Today
Nike (NYSE: NKE) stock is surging in Friday's trading following the company's recent quarterly report. The footwear and apparel specialist's share price was up 14.5% as of 10:45 a.m. ET. At the same point in the daily session, the S&P 500 index was up 0.5%.After yesterday's market close, Nike published results for the fourth quarter of its last fiscal year -- which ended May 31. In addition to reporting sales and earnings for the period that topped Wall Street's expectations, the company also laid out forward guidance that has investors feeling bullish.Image source: Getty Images.Continue reading
Nike (NYSE: NKE) stock is surging in Friday's trading following the company's recent quarterly report. The footwear and apparel specialist's share price was up 14.5% as of 10:45 a.m. ET. At the same point in the daily session, the S&P 500 index was up 0.5%.
After yesterday's market close, Nike published results for the fourth quarter of its last fiscal year -- which ended May 31. In addition to reporting sales and earnings for the period that topped Wall Street's expectations, the company also laid out forward guidance that has investors feeling bullish.
Image source: Getty Images.
