Why Nike Stock Gained 13% in May
Nike (NYSE: NKE) stock climbed 13% in May, according to data provided by S&P Global Market Intelligence.
With this rise, the sports apparel and footwear giant has almost reclaimed all the losses it sustained when the market crashed in March. At $98 per share, the stock has rebounded a whopping 57% from its low of $62.8 back then. Although the pandemic has led to many store closures, Nike continues to be one of the stronger consumer names in the industry.
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Source Fool.com
