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It has been a rough few years for Nike (NYSE: NKE). The global footwear and apparel giant has seen its revenue stagnate since 2022, with sales actually down 3% from highs over the last 12 months.
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 stock sank more than 6% ... Elliott Hill, a former Nike executive who retired in 2020, will replace John Donahoe as CEO on Oct. 14. The news initially sent Nike stock up as much as 10%.
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.
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 ...
Like sports-team fans in the middle of a disastrous season, Nike (NYSE: NKE) stock investors likely can't wait for its losing streak to end. Shares are down 24% this year, with an even steeper 52% ...
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Nike stock slumped nearly 3% on Tuesday as Wall Street analysts trimmed their expectations for fourth quarter earnings.Ahead of the company's expected announcement after the bell on Thursday, June ...