Why Nike Stock Tumbled Today
Shares of Nike (NYSE: NKE) were heading lower today after the sportswear giant beat estimates in its fiscal second-quarter earnings report, but offered disappointing guidance, saying that revenue would decline in the third quarter after growing modestly in the first half of the fiscal year.
Nike is in the midst of a turnaround, and the guidance seemed to indicate that that will take longer than investors had hoped.
As a result, the stock was down 9.1% as of 11:00 a.m. ET.
Source Fool.com
Nike Inc. B Aktie
36,35 €
-1,09 %
Leichtes Buy-Übergewicht bei der Nike Inc. B Aktie mit 71 zu 6 Einschätzungen.
Das Kursziel von 64 € für Nike Inc. B bedeutet eine deutliche Steigerung von über 50% gegenüber dem aktuellen Kurs von 36.35 €.
