NIKE Stock Slopes Down 9% in a Month: Stay the Course or Exit Now?
NIKE(NKE) ZACKS·2024-10-25 00:01
NIKE Inc. (NKE) has been in troubled waters since the start of 2024 due to challenges related to its operations, highlighted by sluggish lifestyle segment sales, issues in Greater China and reduced digital sales. These factors are affecting the company’s share price performance, which has rolled down 9% in the past month.Shares of the Beaverton, OR-based company also underperformed its industry peers, which collectively declined 5.9% in the past month. The NKE stock compared unfavorably against the broader ...