Why Nike Stock Fell Again Today
(NYSE: NKE) stock lost ground in Wednesday's trading. The footwear and apparel company's share price closed out the daily session down 2.9%, according to data from S&P Global Market Intelligence.
Nike stock posted another day of stock decline due to information contained in Foot Locker's second-quarter report and conference call. While Foot Locker actually beat sales and earnings expectations in Q2, the retailer announced moves it will be making in 2025 that suggest headwinds for Nike.
Foot Locker actually delivered some pleasant surprises with its second-quarter report. While the business posted a non-GAAP (adjusted) loss of $0.05 per share in the quarter, the performance beat the average analyst estimate's call for an adjusted loss of $0.07 per share.
Source Fool.com
Nike Inc. B Stock
The stock is one of the favorites of our community with 61 Buy predictions and 3 Sell predictions.
With a target price of 110 € there is a positive potential of 45.91% for Nike Inc. B compared to the current price of 75.39 €.
