Nike is set to release its financial results for the three mon | ForexTime

Nike is set to release its financial results for the three months ending 28 February. According to market expectations, that earnings announcement due after US markets close on Thursday could move Nike’s share price by 5.5% either way when trading resumes on Friday.


Nike has enjoyed a stellar rise since the market rout 12 months ago, rocketing 130% since 23 March 2020.


However, that momentum has stalled since registering its highest ever closing price on 11 January 2021, as the stock has remained in a sideways pattern in the two months since. Nike’s year-to-date gains now stand at... Read More (https://www.forextime.com/market-analysis/can-nikes-share-price-cross-jordan-new-record-high)