In the latest trading session, Nike (NKE) closed at $78.40, marking a +0.4% move from the previous day.
On Holding stock is near a buy point as it tests support at a key moving average. The Swiss shoemaker has rallied on innovation-led growth.
(Reuters) -Nike shareholders have voted against a proposal to consider joining binding agreements with supply chain workers to better address human rights issues in high-risk countries at its annual meeting, the company said on Tuesday. The proposal was moved by an investor group led by Domini Impact Equity Fund, which was among more than 60 investors to sign a letter last year urging Nike to pay $2.2 million in allegedly unpaid wages to some 4,000 garment workers in Cambodia and Thailand. A similar petition, led by investor Tulipshare, was put forward for a second year in a row urging the company to assess the effectiveness of its supply chain management, including looking into forced labor and wage theft-related concerns.