Only Eight Dow Components With Recent Insider Buying, Nike Is One Of Them

The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. Within the 30 components of the Dow Jones Industrial Average, only eight companies have experienced such buying over the trailing six month period, one of which was Nike, where an investment totaling $69.9K was made by Director Peter B. Henry.

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Henry bets big on NKE:

Henry’s average cost works out to $125.45/share. In trading on Wednesday, bargain hunters could buy shares of Nike and achieve a cost basis lower than Henry, with shares changing hands as low as $124.90 per share. Shares of Nike were changing hands at $126.03 at last check, trading off about 0.2% on Wednesday.

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The chart below shows the one year performance of NKE shares, versus its 200 day moving average:

Looking at the chart above, NKE’s low point in its 52 week range is $82.22 per share, with $146.95 as the 52 week high point — that compares with a last trade of $126.03.

The current annualized dividend paid by Nike is $1.36/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 03/03/2023. Below is a long-term dividend history chart for NKE, which can be of good help in judging whether the most recent dividend with approx. 1.1% annualized yield is likely to continue.