Nike Stock Runs Higher on Wells Fargo Upgrade

Group 1 - Nike Inc's shares have increased by 2%, trading at $65.49, following an upgrade from Wells Fargo to "overweight" with a new price target of $75, up from $60, due to stabilizing sales and improving visibility as part of a strategic turnaround [1] - The stock is on track for its third consecutive daily gain and is currently at its highest level this month, although it remains down 12.8% year to date, indicating a potential recovery sentiment among traders [2] - The Schaeffer's put/call open interest ratio (SOIR) for Nike is at 0.51, placing it in the 1st percentile, suggesting that short-term traders are exhibiting a more bullish outlook than usual [3] Group 2 - Options for Nike appear to be affordable, as indicated by the Schaeffer's Volatility Index (SVI) of 33%, which is in the 16th percentile of annual readings, reflecting a favorable trading environment [3]