Objective read
The reaction, under the hood
The first regular session closed -19.98% from the pre-report close of $94.19. Volume ran at 13.13 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, NKE was -22.96% while SPY was -0.35%. The -22.61% 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 48.6. The first-session range was 2.35 ATR with the close at 18% of that session's range.