Objective read
The reaction, under the hood
The first regular session closed -5.46% from the pre-report close of $71.86. Volume ran at 5.80 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, NKE was -22.40% while SPY was -6.91%. The -15.49% 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 38.9. The first-session range was 1.66 ATR with the close at 78% of that session's range.