Shares of Nike Inc. Cl B
inched 0.54% higher to $157.14 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. This was the stock's third consecutive day of gains. Nike Inc. Cl B closed $17.24 short of its 52-week high ($174.38), which the company achieved on August 6th.
The stock underperformed when compared to some of its competitors Thursday, as adidas AG ADR
rose 1.23% to $155.00, Deckers Outdoor Corp.
rose 1.28% to $351.82, and Skechers USA Inc. Cl A
rose 3.44% to $43.91. Trading volume (6.0 M) remained 375,297 below its 50-day average volume of 6.4 M.