Stock Market Report Analysis
Nike is a company that designs, develops, and markets things such as apparel, equipment, accessories, and even services in numerous countries around the world. It was founded on January 25, 1964 by a Mr. Bill Bowerman and Mr. Phil Knight, but at the time had no actual trademark name. It officially became “Nike” on May 30, 1971, and now it’s one of the world’s largest suppliers of athletic shoes and apparel. Nike made a name for its self through the years and by December 2, 1980 had enough equity to become available publicly for trade in the stock market. With the market symbol of NKE representing the Nike Corporation, they began selling their stock for about sixty cents a share. That price shows how popular they were in the 1980’s. But now in the year 2013 one share of Nike’s stock is selling for about $65 to $70. You see, over the years Nike’s products have proved themselves specialized, innovative, durable, and fashionable. These characteristics have made them a very popular brand. Along with the popularity has come the desire to own Nike’s merchandise. That desire eventually turned into demand, and that demand forced Nike to raise its prices. On December 27th, 2013 Nike’s stock reached their highest prices in their history in all categories (i.e.; opening, low, high, and close). Since Nike’s appearance in the stock market the Incorporation has done nothing but strive. When looking at a graph of Nike’s stock during a two week period, where the closing price of a single share of their stock went up $5.08 (9/3-9/20), you will see that the closest way to interpret the graph’s trend line is with a polynomial function, which is a function that is smooth and continuous. That means the graph has no sharp turns. That means that Nike’s stock never has any drastic fluctuations in their price, either positive or negative. Nike’s stock just barely goes up, as well as down occasionally in price, but never...
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