Amazon.com said Nike will resume selling apparel and footwear on its platform for the first time since 2019. Meanwhile, reports say price hikes are about to hit Nike goods across all outlets. Nike stopped selling products wholesale on Amazon during the first Trump administration,

Nike shares are trading higher in Wednesday's after-hours session following a report that the company will sell on Amazon.com for the first time in six years.

Nike stock has overcome the 50-day SMA in the past few sessions. This gives it the steam to make a run for the top trendline of the price channel it has traded mostly within since late 2023. Testing the top of the channel would put NKE stock near $74 or above, which adds up to a near 20% gain.