Nike Stock Rebounds as Company Names New CEO. Is It Too Late to Buy the Stock?
NKENIKE(NKE) The Motley Fool·2024-09-23 06:16

Here's how Elliott Hill will look to turn the company around.Shares of Nike (NKE 6.84%) jumped after the company announced that its CEO was stepping down and it is bringing back a former longtime exec to run the company.Outgoing CEO John Donahoe's tenure at the company had not been a smooth ride since he took over the helm in January 2020, with the stock down about 20% from the time he took the role until the announcement of his ousting. Donahoe didn't have a lot of brand experience before getting the job, ...