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Nike Inc. Cl B stock rises Thursday, still underperforms market

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Terrence Horan

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Shares of Nike Inc. Cl B NKE, +0.40% 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 SPX, +0.37% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, +0.43% 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 ADDYY, -0.06% rose 1.23% to $155.00, Deckers Outdoor Corp. DECK, -0.86% rose 1.28% to $351.82, and Skechers USA Inc. Cl A SKX, +1.21% rose 3.44% to $43.91. Trading volume (6.0 M) remained 375,297 below its 50-day average volume of 6.4 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.