Nike closes at $106.65 after gaining 0.64%

Published: November 25 2022, 10:00 GMT+0

Nike closes at $106.65 after gaining 0.64%

Investors are currently sidelined due to the Thanksgiving holiday but will return to their desks today. Looking back over the previous session Wednesday: an influx of buyers helped the footwear and apparel company to end the session higher around $106.65, while establishing a $105.23 to $107 session range Wednesday.

This rally in Nike's share price coincided with other consumer discretionary stocks as Tesla traded at $183.2 after closing Wednesday's trading day at $169.91 (up 7.82%). Walt Disney was up 2.78%. Alibaba was up 3.3%.

The stock has been trending positively for about a month. Nike hit a significant low of $83.12 around a month ago, but has since recovered 27.49%.