
$NKE Ignoring $NKE here is getting stupid! More than 723M shares have already traded in October, with 5 trading days still left. And here’s the crazy part: October is already tracking as Nike’s second-highest-volume month since May 1997, before the month is even finished. That kind of activity around multi-year lows gets my attention very quickly. I’m not saying volume alone marks the bottom. But when one of the biggest brands on earth gets crushed and suddenly trades with volume we haven’t seen in nearly 30 years? You’d be stupid not to pay attention.