Is Nike Stock in Trouble?
NIKE(NKE) The Motley Fool·2024-10-11 17:45
Nike's stock is trading around multi-year lows.Shares of apparel and footwear company Nike (NKE -0.42%) are down more than 25% this year, as the company is struggling to generate much growth of late. It has made changes at the top, with a new CEO coming on board. The company also recently pulled its guidance. There's been a lot of noise surrounding Nike, and none of it has been good.Could now be a good time to take a contrarian position in the consumer goods stock, or should investors hold off on buying Nik ...