Nike Stock Hasn't Been This Cheap Since 2012. Here's What It Needs for a Turnaround.
NKENIKE(NKE) The Motley Fool·2024-07-23 08:17

Will newer products and better advertising lift sales long-term?If you invested 1,000insharesofathleticappareltitanNike(NKE2.971,000 in shares of athletic apparel titan Nike (NKE 2.97%) one year ago, I'm sorry for your losses. The stock is down about 34% during the last 12 months, leaving just 660 in value for anyone who invested a grand.It gets worse: Nike stock is now down nearly 60% from all-time highs reached in 2021. A 60% drawdown isn't necessarily rare on the stock market, but it is rare for Nike. Since going public in 1980, it's only dropped 6 ...