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Why Nike Stock Dropped on Friday

TheMotleyFool 
0 0 11.07.25
Why Nike Stock Dropped on FridayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png
 

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

€35.22
-1.480%
We can see a decrease in the price for Nike Inc. B. Compared to yesterday it has lost -€0.530 (-1.480%).
Currently there is a rather positive sentiment for Nike Inc. B with 71 Buy predictions and 5 Sell predictions.
As a result the target price of 64 € shows a very positive potential of 81.74% compared to the current price of 35.22 € for Nike Inc. B.
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