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Nike (NKE) Stock: Why The Price IncreasedMar 23rd, 2022 3:19 EST
- The stock price of Nike (NYSE: NKE) increased by 2.23% in the most recent trading session. This is why.
The stock price of Nike (NYSE: NKE) increased by 2.23% in the most recent trading session. Investors are responding positively to the company’s third-quarter results.
Nike had reported a Q3 EPS of $0.87, which was $0.16 better than analyst estimates of $0.71. And the revenue for the quarter was $10.9 billion compared to the consensus estimate of $10.59 billion.
Following the results, a number of analysts upgraded their ratings on the company shares.
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