Buy NKE by Jan 22, 2026.

Nike closed around 57 dollars, sitting near multi-year lows after a sharp post-earnings selloff. The stock is now down more than 30% from its 52-week highs, significantly underperforming both the broader market and other consumer discretionary names. From a short-term trading perspective, this level is starting to matter. Most of the recent selling appears event-driven, and price is now consolidating near prior support. Momentum is still weak, but downside pressure looks slower compared to the initial drop. This is not …