Objective read
The reaction, under the hood
The first regular session closed -15.51% from the pre-report close of $52.82. Volume ran at 6.83 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, NKE was -15.96% while SPY was +9.42%. The -25.38% 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 36.4. The first-session range was 1.63 ATR with the close at 3% of that session's range.