Nike Stock Surges on Tariff Pause, Trading Volume Ranks 88th

On May 13, 2025, Nike (NKE) experienced a 0.30% decline in its stock price, with a trading volume of 10.06 billion, ranking 88th in the day's stock market activity.

Nike's stock price saw a significant surge on Monday following the announcement of a 90-day pause on tariffs between the U.S. and China. This development is particularly beneficial for Nike, as China is a major source of revenue and a crucial part of its global supply chain. The company had previously seen a decline in its stock price due to concerns over increased production costs from tariffs, but the recent trade agreement has provided a more optimistic outlook, leading to a rebound in the stock price.

Analysts have noted that Nike could see significantly reduced costs as trade discussions progress, despite having planned for higher import duties. The stock has shown strong buying conviction, with above-average volume and a bullish price momentum indicated by the relative strength index crossing back above the neutral threshold. Investors are advised to watch key overhead areas around $63, $71, and $79, as well as a crucial support level near $59.