Nike stock rises after Reuters says a subpoena fight ended
Published on 08/14/2026 at 07:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nike (US6541061031) stock rises after Reuters reported on August 13, 2026 that the U.S. Equal Employment Opportunity Commission dropped a subpoena lawsuit tied to its investigation of the company. The shares traded at $41.08 on August 13, 2026, with a $60.94 billion market cap and a 52-week range of $40.00 to $80.17.
The move comes with a second number that matters for holders: the stock changed hands at $41.08, just $0.57 above its 52-week low, while volume reached 14.04 million against an average of 22.70 million. That is the kind of setup that keeps attention on headlines as much as on the operating story.
Legal pressure eases
Reuters said the agency's court fight ended after Nike complied with a subpoena, and the filing was dismissed on August 13, 2026. Reuters also noted that the step does not mean the investigation itself is over, so the legal file changed but did not disappear.
For investors, the timing matters because Nike had already been trading close to the lower end of its 52-week band before the latest legal development. A stock at $41.08 with a $80.17 high in the past year still leaves the market focused on execution, not just headlines.
Latest reported quarter
MarketBeat's August 13, 2026 summary said Nike's most recent quarter delivered revenue of $10.97 billion and EPS of $0.20, versus EPS of $0.14 a year earlier and consensus EPS of $0.11. Revenue fell 1.1% year over year, even though the company topped the estimate of $10.85 billion.
That mix explains the cautious tone around the stock. The quarter produced a beat, but the top line still contracted, which is why every new catalyst gets judged against margin repair and demand stability.
Consensus still stays measured
MarketBeat also said analysts' average price target was $53.53 and the consensus rating was Hold, with 18 Hold ratings, 13 Buy ratings and 5 Sell ratings in its tally. In that context, Nike's latest quarterly beat helps sentiment, but it does not yet change the broader debate about the pace of the turnaround.
Zacks said fiscal 2027 and fiscal 2028 earnings estimates imply year-over-year growth of 10.1% and 34.5%, and it added that those estimates moved lower in the past 30 days. That points to a market that still wants proof that logistics, inventory discipline and product mix can translate into cleaner growth.
Product still matters
Nike's basketball and running franchises remain central to the investment case because they shape both volume and margin. The company's broad mix spans footwear, apparel, equipment and accessories, but the headline issue remains whether those categories can support steadier sell-through after a year of pressure.
What the shares say
As of August 13, 2026, Nike traded at $41.08 on Robinhood, with market cap at $60.94 billion, volume at 14.04 million and a 52-week range of $40.00 to $80.17. The stock has more room to prove the recovery than to celebrate it.
Company
Company: NIKE, Inc.
ISIN: US6541061031
Ticker: NKE
Exchange: NYSE
Price (as of August 13, 2026, 4:00 p.m. ET): $41.08 USD
Market cap: $60.94 billion (as of August 13, 2026)
Sector / Industry: Consumer Discretionary / Footwear & Accessories
Index membership: S&P 500
Media
Reuters report on subpoena dismissal
