After hours on Tue Sep 25 2018, Nike released its latest quarterly numbers which beat estimates, showed a 15% increase in profit and forward guidance showed further gains expected in the upcoming quarters.
Investors reaction after hours was to sell the stock lower. Obviously for a lot of investors this was a chance to take some profits and once some investors started to sell after hours, others joined in. This could open some trade opportunities on Wednesday.
This Nike Stock strategy article is for members.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.