Watch for Continued Gains in Shares of Nike Inc.

Nike Inc. NKE traded today at a new 12-month high of $174.98. Approximately 1.8 million shares have changed hands today, as compared to an average 30-day volume of 7.6 million shares.

Nike Inc. defies analysts with a current price ($173.73) 8.8% above its average consensus price target of $158.51.

In the past year, shares of Nike Inc. have traded between a low of $123.19 and a high of $174.98 and are now at $173.73, 41% above that low price.

Nike is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan. Footwear generates about two thirds of its sales. Nike’s brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide and outsources its production to more than 300 factories in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.

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