Nike Inc. Cl B Stock Slides 4.0%, Underperforms Peers

Dow Jones08-18

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Nike Inc. Cl B slipped 4.0% to $39.09 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.5% to 7,745.06 and Dow Jones Industrial Average falling 0.5% to 53,459.78.

This was the stock's second consecutive day of losses.

Nike Inc. Cl B closed 51.2% short of its 52-week high of $80.17, which the company reached on August 25th.

The stock underperformed when compared to some of its peers, as VF Corp. fell 2.6% to $14.48, Under Armour Inc. Cl C fell 1.1% to $5.19, and Under Armour Inc. Cl A fell 1.31% to $5.29.

Trading volume totaled 56.6 million, compared to the 50-day average of 23.5 million.

Data source: Dow Jones Market Data, FactSet

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