Shares of Nike rally after Morningstar’s AA rating

Nike stock has earned an ‘AA-‘ credit rating from Morningstar, which send the shares on a rally. The firm’s “AA-” rating indicates that the company is a very-low default risk.

Shares of Nike, Inc. (NYSE:NKE) appreciated by 0.35 percent during the past week but lost 0.4 percent on a 4-week basis.

In the past week, the stock has outperformed the S&P 500 by 1.05 percent and the outperformance increases to 0.71 percent for the last 4 weeks.

The 52-week high of the share price is 105.5 dollars and the company has a market cap of 69,604 million dollars. The 52-week low of the share price is at 73.14 dollars.