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Nike's (NYSE: NKE) stock hit an all-time high of $172.49 on Nov. 5, 2021. At the time, investors were impressed by its quick recovery from the pandemic, the ongoing expansion of its Nike Direct ...
Nike's (NYSE: NKE) stock sank 20% to a four-year low on June 28 after the company posted its latest earnings report. For the fourth quarter of fiscal 2024, which ended on May 31, the footwear and ...
Nike stock sank more than 10% Friday after executives gave a weaker sales outlook for markets around the world and highlighted a major cost-cutting initiative.. The company said Thursday that it ...
First, the better-than-expected PPI reading sent the stock market surging, lifting consumer-facing stocks like Nike that have struggled with inflation. Falling inflation is good for consumers and ...
Saunders noted that at the same time, smaller rival brands have moved into Nike's territory and successfully connected with consumers in a way that Nike has failed to do. Nike posted net income of $1.05 billion, or 70 cents per share, in the quarter that ended Aug. 31. That compares with $1.45 billion, or 94 cents per share, in the year-ago period.
Shares of athletic apparel company Nike (NYSE: NKE) plunged 30.6% in the first half of 2024, according to data provided by S&P Global Market Intelligence. When taking out just two days of trading ...
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Nike has lost market share to competitors, and lost focus on its historically cool footwear. - Nicolas Asfouri/AFP/Getty Images. Its stock is down some 25% this year, and revenue fell 10% last ...