Objective read
The reaction, under the hood
The first regular session closed -11.83% from the pre-report close of $122.53. Volume ran at 5.63 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, NKE was -16.84% while SPY was +2.57%. The -19.41% spread shows whether the move remained company-specific or faded back toward the broad tape.
Before the report, price was above its 55-day EMA and RSI measured 75.0. The first-session range was 1.66 ATR with the close at 18% of that session's range.