Using Trading Central's Market Buzz and looking into Top Buzzing ranking to find premarket moves, we have identified Nike as an interesting choice.
TC Market Buzz has identified Buzzing news volume over the last 24 hours, with 370 mentions.
Into Most Discussed Topics widget, we find “Earnings Announcement” and “Revenue Guidance Lowered” as the sportswear company dropped after issuing a weaker-than-expected forecast for the second half of the company’s fiscal year. Also, Nike announced that it expects to save 2 billion dollars through the dismissal of workers and fine-tuning its product assortment.
On the sentiment side, the orientation of the news headlines is signaling a Bearish Sentiment Signal, as the Sentiment Score is very negative (19).
With an average Confidence Index reading to back up the sentiment score, while Subjectivity widget is considered as “Low”.
Regarding technical analysis, from a daily point of view, the stock is dropping. Trading Central Technical Views sees a resistance at $123.10 with downside targets at $105.60 and $97.80.
Powered by TC Labs, TC Market Buzz helps investors read less and know more, solving today’s infobesity problem. With an interactive and modern design, Buzz shows investors which stocks and topics are “buzzing”, delivering a smarter news experience.
