This Once-Unstoppable Dow Stock Is Down 16% Year to Date -- Is It Time to Buy?
(NYSE: NKE) stock fell for an 11th straight day last Thursday as pressures mount for name brand and big box retailers alike. The main catalyst for Nike's accelerated sell-off was disappointing news from Foot Locker, which fell over 28% on Wednesday in response to weak quarterly results.
Let's put the pieces together to see if Nike is positioned well in this challenging period or if the Dow stock is simply too risky to buy now.
Image source: Getty Images.
Source Fool.com
Nike Inc. B Stock
€67.80
-0.860%
The stock is one of the favorites of our community with 61 Buy predictions and 2 Sell predictions.
With a target price of 110 € there is a hugely positive potential of 62.24% for Nike Inc. B compared to the current price of 67.8 €.
