Why Nike Inc. Stock Fell 10.6% in August
Shares of Nike Inc. (NYSE: NKE) declined 10.6% in August, according to data from S&P Global Market Intelligence, following painful quarterly reports from two of the country's largest athletic-footwear retailers.
Nike stock fell nearly 5% on Aug. 18 alone -- the first trading session after Foot Locker (NYSE: FL) announced painful second-quarter results. Foot Locker stock, for its part, plummeted more than 20% that day. Then Nike only extended its decline on Aug. 29, when The Finish Line (NASDAQ: FINL) announced its own underwhelming preliminary fiscal second-quarter results.
IMAGE SOURCE: NIKE.
Source: Fool.com
Nike Inc. B Aktie
67,80 €
-0,86 %
Die Community bevorzugt Nike Inc. B, mit deutlich mehr Buy- (61) als Sell-Einschätzungen (2).
Ein prognostiziertes Kursziel von 110 € für Nike Inc. B zeigt ein Potenzial von über 50% im Vergleich zum aktuellen Kurs von 67.8 €.
