Due to challenges associated with Covid and the current precarious economic environment, NKE shares lost around 12% over the past year.

Source: https://seekingalpha.com/article/4572111-nike-stock-consistent-dividend-payer-china-reopening-tailwind?source=feed_all_articles

However, an insider acquisition of NKE stock raised eyebrows for its relative rarity.

Source: https://investorplace.com/2023/10/this-nike-insider-just-bought-1-3-million-worth-of-nke-stock/

NKE broke out from stage four, but the increasing weakness invites more cautiousness, and investors better be prepared for multiple outcomes in advance, instead of having to take an important decision in a critical moment.

Source: https://seekingalpha.com/article/4586375-nike-48-percent-performance-technical-analysis-rating-downgrade?source=feed_all_articles

NKE has emerged from its selloff while the reversal seems to come to exhaustion and it’s time for investors to protect the achieved performance.

Source: https://seekingalpha.com/article/4586375-nike-48-percent-performance-technical-analysis-rating-downgrade?source=feed_all_articles