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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.
Image source: Getty Images. 1. Nike's problems are fixable. In the last few years, Nike's sales growth has stalled, even turning negative as it's lost market share and profits have fallen.
Before you buy stock in Nike, consider this: 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 ...
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 ...
Over a long enough time horizon, this consumer discretionary stock has been a big winner.
Nike is a great business going through a temporary rough patch.
Nike's valuation is one final reason to buy shares. They currently trade at a price-to-earnings (P/E) ratio of 22.3, which is close to their lowest level in the past decade. The case for Lululemon
To be sure, Nike still owns the largest slice of the pie, but its grip is slipping and its stock price has taken a beating for it. Nike shares are down 24% so far in 2024, having plunged nearly 20 ...
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related to: reasons to buy nike stock shares today