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Why Nike Stock Surged Today

TheMotleyFool

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Shares of Nike (NYSE: NKE) were speeding past the competition today after the company crushed expectations in its first-quarter earnings report, released yesterday. Though the sportswear giant still faced headwinds from the coronavirus pandemic, the results showed its resilience and the power of its digital channel, where sales nearly doubled.

As of 11:23 a.m. EDT, the stock was up 9.4%.

Image source: Nike.

Source Fool.com

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