Nike Sprints To New All-Time High

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Nike IncNKE
shares are trading higher by $1.77 at $134.28 in Wednesday's session. The issue has been on major rally since announcing a $12 billion share repurchase plan and a 2-for-1 stock split last Thursday. Over that course of time, it has rallied nearly $10 from its November 19 close ($125.78) to its current level. In today's session it cleared the trio of highs at $133 level from the last three sessions and reached $134.39.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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