What is Nike Inc?
Nike Inc is an American multinational corporation engaged in the design, development, manufacturing and global marketing of footwear, apparel, equipment, accessories and services. The Nike Inc portfolio includes the Nike, Jordan and Converse brands. The company was founded in 1964 by coach Bill Bowerman and star track athlete Phil Knight under the original name Blue Ribbon Sports. The company originally acted as a distributor for a Japanese brand of athletic footwear. The company began manufacturing its own line of shoes in the early 1970’s and changed its name to Nike in 1978. Nike corporate headquarters are located in Beaverton, Oregon which is a part of the greater Portland metropolitan area.
The iconic ‘swoosh’ symbol and the slogan “just do it” have become one of the most recognisable marketing campaigns in history. Nike has a long history of partnering with star athletes and entertainers, most notably Michael Jordan, and has continued to benefit from this form of brand development. They are currently the world’s largest supplier of athletic shoes and one of the largest manufacturers of sports equipment. Nike completed a deal to become the official sponsor of the NBA in 2020 and will be the first company to be featured on the players jerseys.
Performance of Nike share price
The Nike stock price rose considerably in 2020 due to a substantial increase in online sales. The Nike stock price was supported in part by an increased emphasis on social responsibility through an online marketing campaign. Nike went public in 1980 and there have been seven 2:1 stock splits in its history, the most recent being in 2015.
As of late 2020 the Nike share price has traded within the 52-week range of $60.00 to $140.57 with a market cap of over $217bn. Nike stock trading has an average volume of over 6.4 million shares per day.
How to invest in Nike stock?
Nike stock trading occurs on the New York Stock Exchange. Those looking to invest in Nike stock would purchase them directly through the exchange, through a broker or indirectly through an index which includes NKE, such as the Dow Jones Industrial Average. Traders are also able to purchase derivatives based on Nike shares such as CFDs or options.
Traders looking to invest in Nike stock by using the Dzengi.com tokenised platform are able to profit from upward or downward movements in the Nike stock price without having to invest directly. Tokenised assets are crypto derivatives whose value is linked to the value of a particular asset, in this case the Nike share price. The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. This technology allows for trading using crypto without the need of converting back and forth with fiat currency, saving exchange fees. The use of this technology allows for tokenised asset trading to be efficient, inexpensive and secure.
When trading tokenised assets based on the Nike share price, you can take a long or short position depending on whether you feel the price today is over or under-valued based on the price chart. If you think the Nike share price will decrease you can take a short position and if you think it will increase you can take a long position. Trading tokenised assets on Dzengi.com also allows for traders to benefit from the leverage offered on the platform, up to 1:500 leverage.
Why trade tokenised Nike shares with dzengi.com
Trading tokenised Nike shares at Dzengi.com tokenised assets exchange has a number of advantages. Tokens are underpinned by robust and immutable blockchain technology. Opening a trade will give you a token that tracks and moves according to the underlying instrument's price.
- One-stop crypto trading platform
Trade tokenised Nike shares with Bitcoin or Ethereum. Benefit from the shares price movements without exchanging your crypto assets into fiat.
- Tight spreads
Trade tokenised shares with a tight market spread, benefit from maker rebates and competitive taker fees.
- Leverage
Experienced traders can trade the world's top stocks, like NKE, with up to 1:500 leverage.
- Effective risk management
Manage your risks and secure your profits with stop loss and take profit orders. Save your assets with negative balance protection.
- Instant order execution
We have a scalable and low latency order management system, which can execute 50 million trades per second.
- Safe regulation
Dzengi.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.
Tokenised shares trading guide
Trading tokenised Nike shares is no more difficult than regular shares. To begin trading tokenised assets, you will follow need to follow some simple steps:
- 1. Register for an account with Dzengi.com.
- 2. Deposit funds (with crypto or fiat) in the account.
- 3. Determine the position size desired, accounting for leverage offered by Dzengi.com.
- 4. Determine your trading position (long or short) based on expected price movement and purchase tokenised Nike shares.
- 5. Dzengi.com matches the long orders from its clients with the sell orders and then hedges the unmatched orders through Capital.com, LMAX Digital or exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE and Gain Capital.
- 6. Close your position when applicable. You can set a take profit or stop loss indicator to ensure you are not required to constantly monitor the price. Funds will deposit back to your account after closing and you can withdraw or take a new position.
