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.
Source Fool.com
Nike Inc. B Stock
€37.47
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.
