Objective read
The reaction, under the hood
The first regular session closed -6.90% from the pre-report close of $100.82. Volume ran at 4.86 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, NKE was -6.24% while SPY was -5.18%. The -1.06% 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 47.8. The first-session range was 1.84 ATR with the close at 62% of that session's range.