Why Big Investors Are Bullish on Nike Stock

Chart Source: TradingView

A 16 percent gain this year for shares of Nike Inc. (NKE) tells a story of healthy institutional buying while other athletic names such as Foot Locker Inc. (FL) and Under Armour Inc. (UA) lag. Since the shoe maker’s fiscal fourth-quarter earnings announcement on June 29, the stock continues to lead the sector, clearly steered by institutional buying. Betting on leading stocks, accompanied with strong institutional activity, can be a great recipe for long-term investors.

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