Objective read
The reaction, under the hood
The first regular session closed -3.78% from the pre-report close of $55.34. Volume ran at 3.65 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, NKE was -7.75% while SPY was -0.65%. The -7.10% spread shows whether the move remained company-specific or faded back toward the broad tape.
Before the report, price was below its 55-day EMA and RSI measured 44.6. The first-session range was 2.45 ATR with the close at 20% of that session's range.