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Nike (NYSE: NKE) is a ubiquitous sportswear brand with a trailing 12-month revenue of $49 billion. The lower share price means that investors can buy the stock at a lower multiple of Nike's sales ...
Shares are down 24% this year, with an even steeper 52% decline from its all-time high stock price of $171.71 in November 2021. Nike has struggled to navigate shifting consumer spending trends.
Like an athlete going through a slump, Nike (NYSE: NKE) finds itself at a critical juncture. Despite the sharp decline, Nike's stock still commands a premium valuation at 30.8 times forward earnings.
Nike (NYSE: NKE) is the leader in the global apparel and shoe market, with a 16.4% share in sportswear, according to Euromonitor. Nike might look interesting as a buy-the-dip candidate.
Can this consumer discretionary stock reverse course, rise 33% from its current $75 price tag, and get to $100 in 2025? Adidas is in second place with a 9% share, showcasing Nike's commanding lead ...
Nike stock sank more than 6% on Wednesday after the company reported fiscal first quarter revenue that missed estimates and withdrew its outlook for the year amid a CEO transition.
As of 10:30 a.m. ET today, Nike stock was down 7%. Nike's unanswered questions Nike just hired Elliott Hill as its new CEO, but he doesn't start for about another two weeks.
Nike shares hit an all-time high of $177.51 in November 2021 as Hill’s predecessor, the retiring John Donahoe, earned plaudits for deftly steering the company through the COVID-19 pandemic.