Why Nike Stock Was Sliding Today
Shares of Nike (NYSE: NKE) were moving lower today, seemingly in response to President Trump's decision yesterday to reinstitute the reciprocal tariffs he had originally issued in April on several Asian countries as of Aug. 1.
Nike, which imports much of its product from Asia, with Vietnam and China being its two biggest manufacturing markets, was seen as a potential loser on the news, even though those two countries weren't included in the announcement.
As of 2:20 p.m. ET., Nike stock was down 3.2%.
Source Fool.com
Nike Inc. B Aktie
36,44 €
-1,09 %
Die Nike Inc. B Aktie ist etwas beliebter: Mehr Buy- (71) als Sell-Einschätzungen (6).
Eine erhebliche Steigerung um mehr als 50% ist für Nike Inc. B mit einem Kursziel von 64 € im Vergleich zum aktuellen Kurs von 36.44 € zu erwarten.
