Shares of Nike Inc. Cl B NKE, 0.54% shed 0.20% to $144.65 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.32% falling 0.16% to 3,962.71 and Dow Jones Industrial Average DJIA, 0.11% falling 0.39% to 32,825.95. Nike Inc. Cl B closed $3.30 below its 52-week high ($147.95), which the company reached on December 21st.
Despite its losses, the stock outperformed some of its competitors Tuesday, as adidas AG ADR ADDYY, -1.12% fell 1.79% to $171.64, Deckers Outdoor Corp. DECK, -1.04% fell 1.35% to $338.70, and Skechers USA Inc. Cl A SKX, 1.44% fell 4.42% to $40.02.true Trading volume (5.6 M) eclipsed its 50-day average volume of 5.4 M.