Nike Falls 3% to a Fresh 52-Week Low as China Weakness Overshadows Its Wholesale Rebound
The decline came as Greater China digital sales fell 29% and JPMorgan kept a $40 Sell target, leaving Nike 51% below its high.
9 Articles
9 Articles
The Fall of "Just Do It": Nike Stock Hits 12-Year Low; LeBron James Must Return to His Roots. The stock price of Nike, which once dominated the global sportswear market, has plummeted to its lowest level in 12 years. Leading with the "Just Do It" slogan and Air Jordan, the company had seized control of the global sneaker market...
Nike Falls 3% to a Fresh 52-Week Low as China Weakness Overshadows Its Wholesale Rebound
Nike just hit a fresh 52-week low even as its wholesale numbers are actually improving, and the contradiction at the heart of that gap reveals why Wall Street analysts are split further apart on this stock than almost any other name in retail.
Is Nike stock a buy after 80% crash from all-time high?
Nike (NYSE: NKE) stock has fallen another 4%, trading at $39.06 at the time of writing on August 18, a level that marks a new 52-week low and the lowest intraday level in roughly 12 years. With the S&P 500 also down 0.4%, and the Dow Jones Industrial Average falling 0.5%, the broader market provided little support, but the latest selloff was also triggered by weaker-than-expected results from rival On Holding (NYSE: ONON). The Swiss sportswear …
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- 40% of the sources are Center, 40% of the sources lean Right
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