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
€46.80
0.320%
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 69 € there is a positive potential of 47.45% for Nike Inc. B compared to the current price of 46.8 €.
