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
€57.60
0.790%
The stock is an absolute favorite of our community with 59 Buy predictions and no Sell predictions.
With a target price of 73 € there is a positive potential of 26.74% for Nike Inc. B compared to the current price of 57.6 €.
