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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 is up just under 20% in the past nine years despite a rip-roaring 196% gain in the S&P 500. The stock briefly hit an all-time high in 2021, but that was an overreaction to COVID-induced ...
The company's stock had already entered the release down more than 17% over the last year, a far cry from the S&P 500's 26% gain, as investors grew wary of slowing growth at the retailer.
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.
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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 ...
Nike stock popped more than 7% in early trading Friday after the company named a new CEO amid its efforts to reinvigorate slowing sales growth.Nike said Thursday that Elliott Hill, a former Nike ...