Nike Stock Surges 186% in Trading Volume, Ranks 12th in Market

On June 27, 2025, Nike's trading volume reached $7.16 billion, marking an 186.18% increase from the previous day, placing it 12th in the day's stock market rankings. Nike (NKE) rose by 15.24%, marking two consecutive days of gains, with a total increase of 18.48% over the past two days.

Nike's shares surged on Friday, leading the S&P 500 gainers. The company reported smaller-than-anticipated declines in revenue and earnings, which exceeded analyst expectations. Nike's fiscal fourth-quarter results showed a 12% year-over-year drop in revenue, but the company managed to beat earnings estimates despite the challenging environment.

Nike expects sales to decrease by mid-single digits in the current quarter, following a 12% revenue drop in the fiscal fourth quarter. The company's gross margin also saw a decline, but it remains optimistic about its turnaround plan. Nike's Q4 revenue was $11.1 billion, surpassing expectations of $10.72 billion, despite an 86% drop in net income to $211 million.

Nike's stock rally was driven by its better-than-expected earnings outlook and a clearer game plan for navigating the current market challenges. The company's shift in production away from China has also contributed to its recent performance, as it seeks to diversify its supply chain and reduce reliance on a single market.