Why Nike Stock Was Down on Friday
Nike (NYSE: NKE) shareholders were seeing red on Friday morning. The stock was down by 4% as of noon ET compared to a 0.2% drop in the wider market, according to data provided by S&P Global Market Intelligence. That decline added to a tough period for shareholders in recent months. The footwear giant is down 20% in the past year, while the S 500 has soared 21%.
Friday's decline was sparked by news that Nike is laying off part of its workforce, potentially reflecting further demand weakness ahead.
When Nike delivered its fiscal 2024 second-quarter results in December, management warned investors that demand was already decelerating heading into the holiday shopping season. The stock fell at the time as management projected a "softer second-half revenue outlook" for the final six months of its fiscal 2024. The company also reported a 1% sales decline in its fiscal Q2 (which ended Nov. 30).
Source Fool.com
Nike Inc. B Aktie
Und Nike Inc. B steht derzeit mit 63 Buy-Einschätzungen und 2 Sell-Einschätzungen bei unserer Community gut im Kurs.
Das von der Community festgelegte Kursziel für Nike Inc. B von 107 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 80.1 €.
