Nike stock price today is trading around $98

Nike stock price today is trading around $98.45 in early New York session, up 0.8% intraday. Analysts note a strong rebound after recent sell-off, with momentum supported by positive retail sales data. Traders are watching $100 as a psychological resistance level, which could trigger short-term breakout buying. Yet Nike stock rose today, partly due to investor confidence in Nike’s rebound in North American, European, Middle Eastern, and African (EMEA) sales. Nike’s Fiscal Q1 numbers came in well above expectations. EPS beat by a wide margin— coming in at $0.49, 81% higher than estimates (though still down 30% YoY). Revenues reached $11.72 billion, about 6.6% ahead of the Street. As of the latest update, Nike stock price today is $98.44, edging higher in sync with consumer discretionary indices. The market is eyeing inventory turnover improvements as a primary bullish driver into fiscal year-end.