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Nike Rises 3%

Shares of sportswear company NIKE, Inc. (NKE) are rising 3 percent on Tuesday's trading after the company announced the launch of an online store and trading platform for virtual sneakers as management pumps investment into the metaverse.

Nike will release its own goods on the .Swoosh platform, and users will be able to collect and show off their items on it.

Currently at $107.06, the stock has traded between $82.22 and $177.75 during the past 52 weeks.

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