Why Is Everyone Talking About Nike Stock
Nike (NYSE: NKE) stock is in the limelight again after reporting stellar results in its fiscal second-quarter earnings release. The company blew past expectations on Wall Street for revenue and earnings per share (EPS). The stock -- already up over 35% this year before the earnings release -- shot up another 5% after the retail apparel company reported results.
However, that's not the only reason why so many investors are talking about Nike's stock. Let's take a closer look at a couple of developments that are putting the company in the limelight.
Nike reports stellar second-quarter results. Image source: Getty Images.
Source Fool.com
