Ex-Dividend Reminder: Harley-Davidson, Nike and Exelon Wednesday, February 28, 10:10 AM ET, by Market News Video Staff On 3/1/24, Harley-Davidson Inc (HOG), Nike (NKE), and Exelon Corp (EXC) will all trade ex-dividend ...
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Notable Friday Option Activity: NKE, BX, DXPE Friday, March 8, 3:19 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Only Eight Dow Components With Recent Insider Buying, NKE is One of Them
By Market News Video Staff, Wednesday, May 17, 11:23 AM ET
The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. Within the 30 components of the Dow Jones Industrial Average, only eight companies have experienced such buying over the trailing six month period, one of which was Nike (NYSE:NKE), where an investment totaling $69.9K was made by Director Peter B. Henry. Click Here to Learn Which Other Seven Dow Components Also Had Recent Insider Buying »
Henry bets big on NKE:
Purchased
Insider
Title
Shares
Price/Share
Value
02/07/2023
Peter B. Henry
Director
557
$125.45
$69,875.65
Henry's average cost works out to $125.45/share. In trading on Wednesday, bargain hunters could buy shares of Nike (NYSE:NKE) and achieve a cost basis lower than Henry, with shares changing hands as low as $115.25 per share. It should be noted that Henry has collected $0.34/share in dividends since the time of their purchase, so they are currently down 7.9% on their purchase from a total return basis. Shares of Nike were changing hands at $116.23 at last check, trading down about 0.2% on Wednesday. The chart below shows the one year performance of NKE shares, versus its 200 day moving average:
Looking at the chart above, NKE's low point in its 52 week range is $82.22 per share, with $131.31 as the 52 week high point — that compares with a last trade of $116.23.
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