Top Buzzing ranking December 22 - Nike


Théo Ramos


December 22, 2023



Min Read

Using Trading Central's Market Buzz and looking into Top Buzzing ranking to find premarket moves, we have identified Nike as an interesting choice.

TC Market Buzz has identified Buzzing news volume over the last 24 hours, with 370 mentions.

Into Most Discussed Topics widget, we find “Earnings Announcement” and “Revenue Guidance Lowered” as the sportswear company dropped after issuing a weaker-than-expected forecast for the second half of the company’s fiscal year. Also, Nike announced that it expects to save 2 billion dollars through the dismissal of workers and fine-tuning its product assortment.

On the sentiment side, the orientation of the news headlines is signaling a Bearish Sentiment Signal, as the Sentiment Score is very negative (19).

The Sentiment Signal is based on the market Sentiment Score before trading begins. The sentiment observed at the start of the market session can offer insights into whether the asset is likely to exhibit superior performance, lag behind, or remain steady.

With an average Confidence Index reading to back up the sentiment score, while Subjectivity widget is considered as “Low”.

The subjectivity index measures how rational the crowd's opinion of an entity is, which can be helpful in identifying market bubbles. Also, the confidence index is the volume of news evidence backing the sentiment score.

Regarding technical analysis, from a daily point of view, the stock is dropping. Trading Central Technical Views sees a resistance at $123.10 with downside targets at $105.60 and $97.80.

Powered by TC Labs, TC Market Buzz helps investors read less and know more, solving today’s infobesity problem. With an interactive and modern design, Buzz shows investors which stocks and topics are “buzzing”, delivering a smarter news experience.

Théo Ramos

Junior Technical Analyst
Théo has a Master's degree in Finance and Financial Risk Management from the University of Rouen. Théo joined Trading Central in 2020 as a junior technical analyst to assist the team in producing research on the equity markets.
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