Objective read
The reaction, under the hood
The first regular session closed -6.99% from the pre-report close of $110.50. Volume ran at 4.44 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, NKE was -4.80% while SPY was +0.59%. The -5.39% 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 46.0. The first-session range was 2.93 ATR with the close at 3% of that session's range.