Nike Inc. (NKE)
Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon
Nike confirmed that the largest financial impact from its turnaround plan is now in the past, boosting investor confidence that the company's results will soon stabilize. A number of Wall Street banks, including HSBC, issued bullish commentary on the stock the morning after it released fiscal fourth quarter results, with some saying key strategies are showing signs of progress.
Nike Shifts Production and Raises Prices to Mitigate $1 Billion Tariff Cost
Nike said Thursday (June 26) that the new U.S. tariffs currently in place will cost the company about $1 billion. [contact-form-7] The footwear and apparel company is working to mitigate that gross incremental price increase, Nike President and CEO Elliott Hill said in remarks prepared for delivery Thursday during the firm's fourth-quarter earnings call.
Nike Makes Bullish Cross Above Critical Moving Average
In trading on Friday, shares of Nike crossed above their 200 day moving average of $71.77, changing hands as high as $72.84 per share. Nike shares are currently trading up about 14.8% on the day.
Nike Stock (Finally) Did It: Rallying After Earnings
Nike Inc (NYSE:NKE) is the best Dow stock by far today, last seen up 14.8% to trade at $71.85.
Nike's rough fourth quarter seen as bottom of turnaround, shares jump
Nike Inc (NYSE:NKE, ETR:NKE) shares jumped almost 15% on Friday following the release of a rough fourth quarter report, with significant declines in sales and profits anticipated by investors. The company's guidance also reflects near-term headwinds, but marked an improvement from previous trends.
Nike's stock is headed for a ‘swoosh'-shaped recovery after years of pain, analyst says
Nike Inc. has endured a tough few years marked by weaker demand and its own struggles to adapt to shifting trends. While the athletic-gear and sneaker maker's fourth-quarter results Thursday were hardly spectacular, analysts say that Nike is finally on a path to recovery.
Nike Takes Billion Dollar Tariff Hit But Predicts Hard Yards Behind It
Nike put a billion-dollar price tag on tariff costs Thursday, while it proclaimed that the worst should be behind the company as sales and profit declines moderate ahead.
Nike Stock: The Mother of All Comebacks Might Have Just Began
After a brutal 60% drawdown from its 2021 all-time highs, Nike Inc NYSE: NKE just reminded Wall Street why it's still a stock to watch. Shares were up nearly 10% in pre-market trading on Friday following Thursday evening's earnings report that came in much better than feared.
Nike says Trump tariffs could cost it $1bn
Nike's costs will go up $1bn (£728m) this year if US President Donald Trump's tariffs remain at the current level, the company has told investors.
Banking giant sets Nike stock price target after earnings
Banking giant HSBC has issued a bullish revision on Nike (NYSE: NKE) stock following the sportswear manufacturer's latest earnings report.
JD Sports shares jump on Nike rebound hopes
Shares in JD Sports Fashion PLC (LSE:JD.) climbed as much as 7.5% in early trading on Friday, buoyed by signs that Nike Inc (NYSE:NKE, ETR:NKE), the UK retailer's key partner, may have turned a corner in its challenging turnaround effort.
Were Nike's Q4 Results Good Enough to Rebound Its Stock?
Nike (NKE) shares were up roughly +3% on Thursday ahead of results for its fiscal fourth quarter, which it released after the closing bell.
