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
€56.97
-1.210%
With 63 Buy predictions and not a single Sell prediction Nike Inc. B is an absolute favorite of our community.
As a result the target price of 75 € shows a positive potential of 31.65% compared to the current price of 56.97 € for Nike Inc. B.
