Why Nike Stock Was Sliding Today
Shares of Nike (NYSE: NKE) were falling today after the sportswear giant's fiscal fourth-quarter results weren't enough to please investors.
As a result, the stock was down 2.7% as of 12:45 p.m. ET on Friday.
Nike's results were essentially in line with estimates, but its guidance indicated that sluggish growth would persist into fiscal 2024.
Source Fool.com