STOCK MARKET CHALLENGE
Below are the stocks which I chose:
How have my stocks been doing?
The charts that are portrayed below show how my stocks have been doing over a 30-day period:
How did I choose my stocks:
I chose Nike as one of my stocks. Nike is a brand that is popular for selling goods such as athletic clothes, shoes, and equipment. It is a reliable brand that sells high quality products. I chose Nike because it is a popular brand in this generation, which means that consumers, especially athletes, like what the company sells and therefore will make a lot of profit. Not only this, but I also chose to buy this stock because Nike is also one of my favourite clothing and athletic brands. When I need athletic clothes, shoes, or equipment, I prefer buying Nike products over some other brands because of the amazing quality of their products. Nike goods are also used by professional athletes, which shows that Nike is a reliable brand because people who play sports for a living trust in its products to help them throughout their sports career.
Gain or Loss:
Nike is selling for $68.69 on April 30, 2018. I bought one share for $68.22. So the amount gained or lost is:
[(Current Stock Price) - (Purchase Price)] x (Number of Shares)
= [(68.69) - (68.22)] x 1 share
= $0.47 x 1 share
= $0.47
$0.47 gained on Nike.
Nike logo credit: Nike Incorporated logo. All rights reserved
