Nike's new CEO Elliott Hill stepped into his new role on October 14 facing a complex, intertwined number of challenges, not least of which is restoring the company to growth mode after dropping 10% in revenues in its most recent quarter and seeing its stock price plunge nearly 30% this year.
Pershing Square Capital's famed hedge fund manager, Bill Ackman, is one of the most interesting investors to keep tabs on.
Nike Inc. (NYSE: NKE) has seen a 22% decline in its stock price this year, amid challenges including slower global demand and a sales strategy shift that hasn't yielded expected results.
Brooks Running may not be nearly as large as Nike (NKE) or New Balance, but that doesn't mean its impact on the sneaker industry isn't still strong. The company – founded in the early 1900s to sell ballet slippers and bathing shoes – continues to be the top sneaker choice for serious runners.
Nike (NKE) reported earnings 30 days ago. What's next for the stock?
Hedge funds managed by Bill Ackman and Jeff Yass recently bought shares of Nike stock.
Consumer discretionary stocks are representative of companies in a wide range of industries and sectors that sell non-essential goods and services.
Nike (NKE) reachead $78.85 at the closing of the latest trading day, reflecting a -0.24% change compared to its last close.
There is a ton of money surrounding the 2024 World Series. With the Los Angeles Dodgers and New York Yankees kicking off the coveted playoff series this Friday night on Fox, the hype over both teams is sure to generate plenty of buzz (and revenue) for the network as well as for the MLB.
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.
Zacks.com users have recently been watching Nike (NKE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NKE announces a 12-year extension of merchandising and marketing with the NBA and WNBA. The company has been strengthening its investment in the WNBA.