Is Nike Stock a Buy Below $85 a Share?
NKENIKE(NKE) The Motley Fool·2024-08-31 20:27

Nike currently sits more than 30% below its 52-week high.Nike (NKE 0.07%) is a bit out of shape these days. The leading sports company's sales growth has stagnated due to some strategic missteps, and that has weighed on its share price. Nike stock recently traded under $85, putting it more than 30% below its 52-week high. Here's a look at whether investors should pick up the shoe stock while it's in the discount bin.A tough year, but signs of optimism Nike is coming off a tough year. The company reported it ...