1 Move That Could Send Nike Stock Soaring
Nike (NYSE: NKE) stock finished up 5% on Tuesday even as there was no company-specific news out on the stock.
Instead, the main driver of the gains came from a surprising source. stock soared 25% after it named a new CEO to drive a turnaround in the company after the business had faltered under CEO Laxman Narasimhan.
A 25% jump on a new CEO might be unprecedented, especially for a company the size of Starbucks, and it seems to have Nike investors thinking that a similar move could benefit them.
Source Fool.com
Starbucks Corp. Stock
€86.01
-0.470%
With 32 Buy predictions and not a single Sell prediction Starbucks Corp. is an absolute favorite of our community.
With a target price of 94 € there is a slightly positive potential of 9.29% for Starbucks Corp. compared to the current price of 86.01 €.
