Nike Now Trading Up 10%

Shares of apparel retailer Nike NKE are sitting near their highs for the session, up 10% to $89.73. The company reported much better than expected earnings yesterday after the closing bell and the stock has been accumulated on heavy volume throughout Tuesday's trading session. More than 11.3 million NKE shares have already traded hands compared to a 3-month daily average of 2.76 million. Nike shares have risen nearly 19% over the last 3 months.