The Latest Breaking News from Nike Inc

Nike Inc (NYSE: NKE) shares are trading flat at $134.49 Friday morning on average volume. Despite a lack of company-specific news Friday, there were a number of reports out this trading week pertaining to Nike’s product lines. 

Nike Inc (NYSE: NKE) shares are trading 0.25% higher at $139.48 Wednesday afternoon. Nike shares have rose approximately 4.5% over the past 5 trading sessions and 11% over the past 10 trading sessions. 

Nike Inc (NYSE: NKE) shares gained 4.3% on Tuesday after the company reported a fiscal third-quarter earnings beat, driven by strong North American demand in an uncertain international market.

Nike Inc (NYSE: NKE) shares are trading higher Tuesday after the company reported better-than-expected financial results.

Apparel and footwear company Nike Inc (NYSE: NKE) reported third-quarter financial results after market close Thursday. Here are the highlights for investors.

Nike Inc's (NYSE:NKE) short percent of float has risen 12.12% since its last report. The company recently reported that it has 9.14 million shares sold short, which is 0.74% of all regular shares that are available for trading.

Nike Inc (NYSE: NKE) is taking legal action against a shoe reseller that has the potential to lay the groundwork for the reach of trademark law across the cryptocurrency space.

With Nike Inc (NYSE: NKE) shares down 10% to start the year, Virtus Investment Partners' Joe Terranova sees upside potential. 

Wells Fargo analyst Kate Fitzsimons upgraded Nike Inc (NYSE:NKE) to Overweight from Equal Weight with an unchanged price target of $175, implying a 19.86% upside. Fitzsimons noted the stock's 12% year-to-date decline presents a "rare buying opportunity for this best-in-class global athletic name." The analyst expects accelerating trends for Nike in fiscal 2023, and recent…