1 Move That Could Send Nike Stock Soaring
Nike (NYSE: NKE) stock finished up 5% on Tuesday even as there was no company-specific news out on the stock.
Instead, the main driver of the gains came from a surprising source. stock soared 25% after it named a new CEO to drive a turnaround in the company after the business had faltered under CEO Laxman Narasimhan.
A 25% jump on a new CEO might be unprecedented, especially for a company the size of Starbucks, and it seems to have Nike investors thinking that a similar move could benefit them.
Source Fool.com
Starbucks Corp. Stock
€79.29
-0.730%
The stock is one of the favorites of our community with 45 Buy predictions and 4 Sell predictions.
As a result the target price of 99 € shows a positive potential of 24.86% compared to the current price of 79.29 € for Starbucks Corp..
