Nike Shares: Institutional Investors Bet Against the Downtrend

While Nike’s stock continues to struggle in the market, having declined by more than 22 percent since the start of the year, a significant counter-trend is emerging behind the scenes. Major institutional players are accumulating shares, creating a fascinating divergence between the technical price action and the behavior of sophisticated money. Are these professionals positioning for an imminent recovery, or is this a classic case of catching a falling knife?

The case for the optimists finds solid ground in the company’s recent quarterly earnings report. Nike surpassed Wall Street’s forecasts on both key metrics: revenue reached $11.72 billion and earnings per share came in at $0.49. In a move to reward Read more...