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Nike Stock Soars 3.38% on Product Success, Institutional Buying
Generated by AI AgentAinvest Pre-Market Radar
Monday, Jul 28, 2025 6:43 am ET1min read
Aime SummaryOn July 28, 2025, Nike's stock rose by 3.38% in pre-market trading, indicating a strong start to the day's trading session.
Nike's recent product offerings have been well-received by consumers, contributing to the positive market sentiment. The company's Dunk Low and other new releases have garnered attention for their design and functionality, which has likely boosted investor confidence.
Additionally, institutional investors have shown interest in
. According to the latest 13F filings, several funds have increased their holdings in the company. This includes Alecta Pension Insurance Mutual, Banque Pictet & Cie SA, and Wellcome Trust Ltd, which collectively hold a significant number of shares.Analysts have also been bullish on Nike's prospects. J.P. Morgan upgraded the stock to "overweight" from "neutral" and raised its price target to $93 from $64. This move reflects the firm's positive outlook on Nike's future performance, driven by strong product reception and strategic initiatives.
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