Why Nike Stock Is Running Higher Friday
Being in (NYSE: NKE) stock hasn't exactly been a winning game in recent years. Shares of the iconic athletic shoe maker have badly trailed the returns of the S 500 index over the last decade.
But Nike shares are running higher today. After jumping nearly 9% Friday morning, as of 10:35 a.m. ET, the stock was still trading higher by 5.8%. That's because investors hope the stock's long-lasting slump is coming to an end with a CEO replacement.
Nike was a high-flying stock for years. But since Nike's last stock split, -- a 2-for-1 split on Dec. 24, 2015 -- its total return, which includes dividends, has been 41% compared to the S&P 500 index return of 225%.
Source Fool.com
Nike Inc. B Stock
€36.46
0.650%
Our community is currently high on Nike Inc. B with 71 Buy predictions and 6 Sell predictions.
With a target price of 64 € there is a hugely positive potential of 75.53% for Nike Inc. B compared to the current price of 36.46 €.
