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Benzinga
Benzinga
Business
Joel Elconin

FORGOTTEN HISTORY: Charting nike s pullback it has to hold 100 - Caught on Camera

NIke Barclays Nike Inc NKE NYSE

Tuesdays are often the busiest day for Wall Street analysts to reveal their rating changes, and today was no exception. Unfortunately for shareholders of Nike Inc (NYSE:NKE), it was a downgrade from Barclays. The price action following that downgrade makes it the PreMarket Prep Stock of the Day.

Nike's Recent Price Action: Similar to the S&P 500 index, it was a bad week for the issue. After peaking last Monday at $113.36, it backed off to end the session at $112.38, The issue was hit much harder than the index, shedding $6.66 or 6% to close at $105.72 on Tuesday.

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