Why Nike Stock Popped Today
Shares of Nike (NYSE: NKE) were surging today after the sneaker king posted better-than-expected results in its fiscal first-quarter earnings report, topping modest expectations.
As of 10:32 a.m. ET, the stock was up 7.4%.
Nike's numbers weren't particularly impressive, but they came at a time when much of the global economy is struggling with inflation and consumer spending on discretionary goods has been weak in the U.S.
Source Fool.com
Nike Inc. B Stock
€87.95
0.480%
The stock is one of the favorites of our community with 46 Buy predictions and 3 Sell predictions.
With a target price of 115 € there is a positive potential of 30.76% for Nike Inc. B compared to the current price of 87.95 €.
