Why Nike Stock Was Climbing Today
Shares of Nike (NYSE: NKE) were moving higher today after the sportswear company seemed to benefit from a cooler-than-expected Producer Price Index (PPI) report, showing inflation was falling faster than expected. The stock was also helped after Starbucks soared on news it was replacing its CEO, since many on social media said they would like Nike to make a similar move.
Shares of Nike were up 5.3% as of 2 p.m. ET on Tuesday.
Image source: Getty Images.
Source Fool.com
Nike Inc. B Stock
€71.69
0.430%
With 61 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 110 € shows a very positive potential of 53.44% compared to the current price of 71.69 € for Nike Inc. B.
