More Headwinds Could Be in Store for Nike Stock

Company Overview - Nike Inc (NYSE:NKE) stock is currently trading at $76.67, down 1.2%, and has faced challenges with overhead pressure at the $80 level since October [3][4] - The stock has a year-over-year deficit of 25.7% and has struggled to recover from a four-year low of $68.62 reached on February 7 [3][4] Market Sentiment - The stock's 10-day call/put volume ratio is 2.39, indicating a higher level of optimism in the options market, but this could lead to further downward pressure on the stock [1] - Historically, when the stock has approached its 126-day moving average, it has produced bearish returns, with the stock being above this trendline 80% of the time in the past two months [2] Recent Developments - Nike is currently collaborating with Kim Kardashian's apparel brand Skims, but this news has not positively impacted the stock price [3][4] - The stock has failed to break through the $80 resistance level, indicating ongoing challenges for the company [3][4]