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.
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.
