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Nike Stock Research Paper

969 Words4 Pages

It first just looked like a bunch of graphs that I didn’t understand but as I learned how to interpret them and try and predict them, investing in the stock market was very interesting. It took a while to find out what stocks we wanted to invest in but eventually we decided on Nike, Amazon, UPS, Cinemark and Fedex all for different reason. Some of these stocks turned out to be very bad investments but a few of them turned out to be great choices.
Nike was the one of the first stocks we invested in and turned out to be a investment that got our group a few hundred dollars. Nike is a sport equipment and clothing company that was founded by Phil Knight in 1974. The idea to invest in Nike did not come out of nowhere, it had been in the news that they were going to release a new shoe. The shoe seemed like it was going to be very popular so we invested $3800 into it. We turned out to be correct and we made $30 off of the stock. The type of stock that we bought was common stock and it was $75 per share. Nike does not a perfect track record though, …show more content…

The company was founded in the 1990s during the boom of the internet and focused on selling books and computer hardware. They were on the forefront of the e-commerce business and now manage to sell around 480 million products in the USA. This company is very recently in the news for announcing it will be creating a grocery store that has no cashiers. We became interested in the stock because cyber monday was coming up and we were expecting Amazon to have an increase in sales. The stock offered was common stock and it was very expensive at $775.66 per share. We wanted to invest a significant amount of money so we bought 26 shares. This turned out to be a major mistake and Amazon stock did not soar during cyber monday like we had predicted. We ended up losing $278 when we cut our losses and sold all of our stock in the

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