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What Happened to Nike Stock in 2020?

TheMotleyFool

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Nike (NYSE: NKE) stock is ending 2020 with a bang. Its outperformance over the S&P 500 reached its highest point in the final week of the year, with shareholders looking at 40% return compared to 15% for the wider market.

Those gains would have seemed impossible back when the sports apparel giant was posting 40% sales declines earlier in the year. But that slump, in retrospect, simply set up one of the market's biggest rebounds.

Let's look at the factors that changed the investment story so dramatically on Nike shares in 2020.

Source Fool.com

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