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Why Nike Stock Dropped on Friday


Shares of shoes and sportswear company (NYSE: NKE) gained 1.4% on Thursday before turning tail and losing nearly twice that much Friday. As of 12:45 p.m. ET, the stock is down 2.7%.

Believe it or not, both the gain and the loss may have the same cause.

Image source: Getty Images.

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Source Fool.com

Nike Inc. B Stock

€37.47
2.710%
There is an upward development for Nike Inc. B compared to yesterday, with an increase of €0.99 (2.710%).
With 80 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 66 € shows a very positive potential of 76.16% compared to the current price of 37.47 € for Nike Inc. B.
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