Nike is doing everything right and up 4% in premarket trade. The company announced a dividend hike, a $12 billion dollar buyback, and a 2 for 1 stock split. This is the sixth 2 for one split since 1990. The company anticipates that it’s current $8 billion dollar repurchase program will be complete by 2016, and the new program will begin upon completion of the current program.
$NKE is the clear leader in a growing sports industry, but $UA is right on it’s tail. $UA is catching some pin action, up another percent in pre-market.
Here’s the daily chart of $NKE:
