Quarter-End Crunch: Nike, Insiders, and Bears

Earnings in Focus

Quarter-end brings a heavy slate. NKE and STZ both report after the close today. Nike faces ongoing pressure from tariff headwinds and softer demand. Investors will watch margins and China guidance closely. GIS also reports tonight. The food giant has struggled with cost inflation and brand competition throughout 2026.

Insiders Cash Out Big

More than $1B in insider sales were filed today. EVO — Evolution AB — saw a 10% owner offload 11 million shares worth $810M. The trade was executed June 22. NVDA director Mark Stevens filed $186M in stock sales across two transactions. The trades covered 885,000 shares at roughly $210 each. ASTS CEO Abel Avellan sold $146.7M worth of shares at $58.68. AST SpaceMobile is trading near multi-year highs after recent satellite news.

Short Sellers and Analyst Moves

Bears struck hard at WBI. Short interest jumped 53 percentage points in a week to 85.2% of free float. WOLF — Wolfspeed — holds at 129.9% SI with zero shares left to borrow. Shorts have no easy exit.

On the analyst side, GLW and WDAY received upgrades. Energy names faced cuts. FANG, OXY, and APA all saw target prices trimmed, reflecting softer crude expectations for H2 2026.

European Markets

European stocks slid today as chip names weighed on sentiment. Defense held firm after Ukraine ratified a $105B EU loan deal. The BIS issued a warning that AI "exuberance" risks a prolonged investment bust if returns disappoint — a note of caution heading into the second half of the year.