Geopolitics Alpha

Nike (NKE) Objects To Tokenized Trading Of Its Shares

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Nike (NKE) Objects To Tokenized Trading Of Its Shares

Nike (NYSE:NKE) has objected to the tokenized trading of its shares on a new venue operated by ICE and OKX. The company’s stance means Nike equity will not be available as tokenized stock on the joint ICE and OKX platform. Nike’s objection aligns it with other large public

Directly affected

  • NKE Nike+6.7% 30d

    Named in this report.

Indirectly affected

  • XLB Materials Select Sector SPDR+2.4% 17d

    Materials Select Sector SPDR holds the materials sector that Nike belongs to, so it often moves with news about it.

  • DECK Deckers Outdoor+1.7% 12d

    Deckers Outdoor is a peer of Nike in rubber and plastics footwear; rivals often move on the same news.

  • CROX Crocs+22.8% 15d

    Crocs is a peer of Nike in rubber and plastics footwear; rivals often move on the same news.

  • ONON On Holding AG+33.8% 30d

    On Holding AG is a peer of Nike in rubber and plastics footwear; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NKE-2.04%-3.94%base+1.14%-0.56%+4.61%+2.25%
XLB-2.56%-1.67%base+1.73%-0.34%+2.14%-1.06%
DECK-1.95%-1.51%base+3.71%+2.62%+8.73%+6.94%
CROX-21.01%-20.61%base+1.71%+2.08%+6.27%+1.63%
ONON-1.85%-5.50%base+5.12%+8.13%+14.18%+11.06%

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Nike (NKE) Objects To Tokenized Trading Of Its Shares Yahoo Finance

Source: Yahoo Finance

This story

CompanyWhenMoveStatus
CROXthat day+1.71%final price
CROXthe next day+2.08%final price
CROXtwo days later+6.27%final price
CROXthree days later+1.63%final price
CROXthree days earlier-20.61%final price
CROXfive days earlier-21.01%final price
DECKthat day+3.71%final price
DECKthe next day+2.62%final price
DECKtwo days later+8.73%final price
DECKthree days later+6.94%final price
DECKthree days earlier-1.51%final price
DECKfive days earlier-1.95%final price
NKEthat day+1.14%final price
NKEthe next day-0.56%final price
NKEtwo days later+4.61%final price
NKEthree days later+2.25%final price
NKEthree days earlier-3.94%final price
NKEfive days earlier-2.04%final price
ONONthat day+5.12%final price
ONONthe next day+8.13%final price
ONONtwo days later+14.18%final price
ONONthree days later+11.06%final price
ONONthree days earlier-5.50%final price
ONONfive days earlier-1.85%final price
XLBthat day+1.73%final price
XLBthe next day-0.34%final price
XLBtwo days later+2.14%final price
XLBthree days later-1.06%final price
XLBthree days earlier-1.67%final price
XLBfive days earlier-2.56%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Nike (NKE) Objects To Tokenized Trading Of Its Shares” looks

12 out of 100

“Nike (NKE) Objects To Tokenized Trading Of Its Shares” scores 12 out of 100. The score uses 1 sources.