Can the Paris Olympics Reignite This Beaten Down Stock?
NIKE(NKE) ZACKS·2024-08-02 23:15
The market has enjoyed a great 2024 so far, with a resilient economy and favorable earnings results providing positive tailwinds.However, the positivity hasn’t been felt by all stocks, including long-time apparel favorite Nike (NKE) . Down 30% in 2024, shares have had a tough showing, with its recent quarterly results causing pressure post-earnings.Image Source: Zacks Investment ResearchBut is it due for a comeback? Let’s take a closer look at the company’s current standing.Nike Looks to Rebalance Product P ...