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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 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.
Nike (NYSE: NKE) stock slid 2.5% through 10:25 a.m. ET Friday after CNBC (and others) reported Citigroup is downgrading the stock to neutral. Citi is just back from a meeting with new Nike CEO ...
“Our teams are energized as Elliott Hill returns to lead Nike’s next stage of growth.” Friend told analysts Tuesday that, given its CEO transition and with three quarters left in the fiscal year, Nike has withdrawn its full-year financial-performance guidance and intends to provide a quarterly outlook for the balance of the fiscal year.
Shares of Nike Inc., which is based in Beaverton, Oregon, were down 5% in after-hours trading following the earnings report. They are down 18% so far this year. Show comments
The Great Hanshin earthquake hit early in the morning on 17 January, sending Asian markets, and Leeson's trading positions, downward. Leeson attempted to recoup his losses by making a series of increasingly risky new trades (using a long-long future arbitrage ), this time betting that the Nikkei Stock Average would make a rapid recovery.
The company's damaging earnings report dragged the stocks of other sports apparel companies down Friday. Nike stock plunges on weak revenue outlook as company announces cost cuts [Video] Skip to ...
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 ...