Nike, Inc. - Class B (NKE)
Nike faces investor skepticism as investors question turnaround timeline
Nike Inc (NYSE:NKE, ETR:NKE) shares are down more than 6% this week following an investor meeting with CEO Elliott Hill and CFO Matt Friend where management failed to address concerns about the company's turnaround strategy amid market challenges. Analysts believe the challenges facing Nike will persist for several years.
Why Nike Stock Slipped on Friday
Nike (NKE -2.24%) stock slid 2.5% through 10:25 a.m. ET Friday after CNBC (and others) reported Citigroup is downgrading the stock to neutral.
Nike Stock Gaps to 4-Year Lows After Downgrade
Citigroup downgraded Nike Inc (NYSE:NKE) stock to "neutral" from "buy," and lowered its price target to $72 from $102, with the firm citing a disappointing meeting with the retailer's CEO.
Nike gets another downgrade as Citi points to turnaround challenges
Citi has downgraded Nike Inc.'s stock to neutral from buy, citing the challenges facing the sneaker maker as it attempts to get back on track.
Where Will Nike Stock Be in 1 Year?
Nike (NKE 0.17%), one of the world's largest athletic footwear and apparel makers, was once considered a resilient blue chip stock. But over the past 12 months, its stock declined 25% as the S&P 500 advanced 24%.
3 Reasons Nike Is a Must-Buy for Long-Term Investors
Nike (NKE -0.55%) has been a top stock to own throughout its history. However, the business has struggled in recent years, and the stock has floundered.
2 Quality Dividend Stocks Down Over 40% to Buy Before a Rebound
The stock market's climb over the last few years has driven dividend yields to multiyear lows. The S&P 500 average yield is just 1.24% -- the lowest yield since 2000.
Is Nike Stock a Steal of a Deal?
While it can be tempting to buy a hot stock when it's soaring in value, the returns may not be all that great if the stock is already trading at a high. If, however, you're willing to take a chance on a beaten-down stock, then the payoff could be much more attractive in the long run.
Here's Why Nike (NKE) Fell More Than Broader Market
Nike (NKE) concluded the recent trading session at $76.90, signifying a -1.83% move from its prior day's close.
Why Nike Stock Could Be 2025's Top Comeback Play
Nike Inc NYSE: NKE shares have been continuing to consolidate after a painful three-year downtrend that finally looks to be running out of steam. 2021's all-time high seems a long way away now, with shares nearly 60% lower and back at 2018 levels.
Is NIKE's Fall Below 50 & 200-Day Moving Averages Sign of Trouble?
NIKE Inc. NKE stock has witnessed a remarkable slowdown since the start of 2024, driven by operational challenges, highlighted by sluggish lifestyle segment sales, issues in Greater China and reduced digital sales. As a result, NKE has encountered a notable resistance level, prompting caution among investors from a technical standpoint.
Investors Heavily Search NIKE, Inc. (NKE): Here is What You Need to Know
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.
