Objective read
The reaction, under the hood
The first regular session closed -6.77% from the pre-report close of $89.13. Volume ran at 2.49 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, NKE was -12.04% while SPY was +2.31%. The -14.35% 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 71.8. The first-session range was 1.69 ATR with the close at 38% of that session's range.