Why Nike Stock Was Sliding Today
Shares of Nike (NYSE: NKE) were moving lower today, seemingly in response to President Trump's decision yesterday to reinstitute the reciprocal tariffs he had originally issued in April on several Asian countries as of Aug. 1.
Nike, which imports much of its product from Asia, with Vietnam and China being its two biggest manufacturing markets, was seen as a potential loser on the news, even though those two countries weren't included in the announcement.
As of 2:20 p.m. ET., Nike stock was down 3.2%.
Source Fool.com
Nike Inc. B Stock
€37.01
1.450%
With 80 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 66 € shows a very positive potential of 78.35% compared to the current price of 37.01 € for Nike Inc. B.
