Nike maintains composure within $124.83 to $127 range

Published: January 26 2023, 02:16 GMT+0

Nike maintains composure within $124.83 to $127 range

A quick look at yesterday: without a clear direction, Nike closed at $126.82 while ranging between $124.83 and $127.

  • The day's trading volume totalled 5.93 million shares — slightly below the 21-day average of 6.98 million.
  • Nike discloses 34 cents per share dividend to be paid on Wednesday, December 28th

With the opening bell 12 hours away, yesterday's session was noteworthy in that S&P 500 traded sideways for most of yesterday's session before closing at 4,016.22. Dow Jones traded sideways for most of yesterday's session before closing at 33,744. Nike was flat yesterday, while the Consumer Cyclical sector was up 0.389%.

The past 3 months have been positive for the footwear and apparel company as it added 38.28% compared to its 3-month low of $83.12. So far this year, it has performed better than the Dow Jones by 5%. Nike is currently trading with a market cap of $196.64 billion with an average daily volume of 6.98 million shares. Nike's last revenue report was $13.31 billion with an EPS of 85 cents.

Nike disclosed a quarterly dividend of 34 cents per share on Tuesday, November 15th that was paid on Wednesday, December 28th to all shareholders of record up until Monday, December 5th. Based on current prices, the company's decision thereby provides Nike investors with an annual dividend yield of 1.07%.

Meanwhile, mixed performances were seen by other consumer discretionary stocks as Walt Disney added 2% to its value, and traded at $108.12. McDonald's gained 1.28%, as it traded at $273. Amazon was up 0.89%.

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