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Why Nike Stock Was Rising Again Today

TheMotleyFool 
0 0 15.08.24
Why Nike Stock Was Rising Again TodayPhoto, wide shot, wide-angle lens, Clothing manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/7d69264d-49b2-466c-9987-b2706836d522.png
 

Shares of Nike (NYSE: NKE) were moving higher today after investors responded favorably to news that Bill Ackman's Pershing Square Capital Management Fund had taken a stake in the company, which was reported in Pershing Square's 13-F filing last night. As a result, shares of Nike were up 3.8% as of 11:43 a.m. ET on Thursday.

Ackman is one of the most respected and attention-grabbing fund managers on Wall Street. One of the investments he's known for is his successful bet on Chipotle when that company was still reeling from the E. coli crisis.

Image source: Getty Images.

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Source Fool.com

Nike Inc. B Stock

€36.09
-1.030%
A loss of -1.030% shows a downward development for Nike Inc. B.
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 77.36% for Nike Inc. B compared to the current price of 36.09 €.
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