I agree with you, but a lot of trading is just bots. A lot of bots were probably selling Nike stock the minute the Zion incident started trending on Twitter. Other bots were probably buying the dips to negate that.
The real damage only comes when Nike starts losing deals to other manufacturers or sales of their basketball shoes drop.
Probably not. Bots are just tools configured with settings by human beings, they aren’t sentient AIs that act without any input.
If what you said was true then why did Facebook drop 30% in a day? Where were the bots buying the dip then?
Just because 1 novelty shoe exploded doesn’t mean Nike’s entire product line is in question.
Facebook dropped because their earnings report came out and it was awful.
You can see the massive spike in trading volume for Nike the moment the markets opened the night after the incident. Then, a few minutes later, a ton of people are buying it, which quickly negated some of the drop, but the trading volume remained high all day.
Stories that trend on social media cause a spike in trading volume, mostly by bots, but like I said, the real damage only really comes if Nike loses deals because of the incident, because then their earnings report may come up short of expectations.
It is. If you google it a graph will pop up on the top of the results, you won’t even have to go to a specific website to find the data.
Nike stock is way up from a month ago.
Nike was $80 Jan 29th and is $84 today. The stock’s all-time-high is like $84.95. Unless you bought Nike 2 days ago you’re great, and even if you bought it 2 days ago you’re doing fine.
I'm a /r/whooosh 'er myself.
I didn't misspell.
He did it to himself for missing what the title said vs what the guy in the comment he replied to said and meant. It's a clear case when you Think about it