Why Nike Stock Is Losing Ground Today
(NYSE: NKE) delivered an earnings beat for the quarter, but left investors waiting when it comes to revenue growth.
The market appears to be growing impatient, with Nike shares down 18% as of 10 a.m. ET.
Nike is a transitional period. The longtime leader in athletic and athleisure apparel has been focused on streamlining operations and investing in future innovation to counter sluggish sales from many of its core brands.
Source Fool.com
Nike Inc. B Stock
€69.94
-0.600%
Our community is currently high on Nike Inc. B with 72 Buy predictions and 7 Sell predictions.
With a target price of 108 € there is a hugely positive potential of 54.42% for Nike Inc. B compared to the current price of 69.94 €.
