Nike Inc (NKE) Stock Price Rallies 2% In After-Hours Trading As Athletic Retailer's Q4 Earnings Swoosh Past Forecasts

Shares of Nike Inc. (NYSE:NKE) jumped more than 2 percent in extended-hours trading Thursday after the world's largest athletic apparel retailer swooshed past Wall Street's earnings forecasts, driven by strong sales of basketball footwear. The stock rose 2.5 percent in after-hours trading to as high as $107.90 per share, which tops its 52-week high of $107.45.