Why Nike Stock Is Losing Ground Today
(NYSE: NKE) delivered an earnings beat for the quarter, but left investors waiting when it comes to revenue growth.
The market appears to be growing impatient, with Nike shares down 18% as of 10 a.m. ET.
Nike is a transitional period. The longtime leader in athletic and athleisure apparel has been focused on streamlining operations and investing in future innovation to counter sluggish sales from many of its core brands.
Source Fool.com
Nike Inc. B Stock
€36.58
-0.480%
Currently there is a rather positive sentiment for Nike Inc. B with 71 Buy predictions and 6 Sell predictions.
As a result the target price of 64 € shows a very positive potential of 74.98% compared to the current price of 36.58 € for Nike Inc. B.
