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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.The shoe giant ...
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.
Straton added Nike isn't excluded from industry-wide concerns. Part of the concerns for Nike comes from the company's wholesale division. As of its March 2022 investor day, Foot Locker reported ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nike wasn’t one of them. The 10 stocks that made the cut could ...
Nike stock fell nearly 20% on Friday after the retailer said it expects revenue to decline more than it previously thought in the coming year.The company said Thursday it expects revenue to fall ...
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. Nike's ...
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 (NYSE: NKE) is proving that even some of the most dominant and well-known businesses can hit a rough patch. Can this consumer discretionary stock reverse course, rise 33% from its current $75 ...