Nike Up Over 12%, on Pace for Largest Percent Increase Since October 2008 -- Data Talk

NIKE, Inc. Class B (NKE) is currently at $70.58, up $7.78 or 12.39%

-- Would be highest close since March 13, 2020, when it closed at $75.58

-- On pace for largest percent increase since Oct. 28, 2008, when it rose 12.61%

-- Nike is set to report fiscal third quarter earnings after the market closes today. Raymond James analyst Matt McClintock called Nike one of the best positioned companies in retail, citing its ability to navigate the current climate, based on sales resiliency, financial flexibility, and liquidity, Barron's reported

-- Snaps a two day losing streak

-- Down 21.03% month-to-date

-- Down 30.33% year-to-date

-- Down 32.51% from its all-time closing high of $104.58 on Jan. 21, 2020

-- Traded as high as $70.80

-- Up 12.74% at today's intraday high; largest intraday percent increase since June 29, 2018, when it rose as much as 12.97%

-- Third best performer in the DJIA today

-- Contributed 52.75 points to the DJIA so far today

All data as of 2:26:50 PM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

March 24, 2020 14:50 ET (18:50 GMT)