Nike shares drop as investors fret over murky turnaround timeline
Nike shares closed nearly 7% lower on Wednesday after the sportswear giant withdrew its annual revenue target, leaving investors guessing on the timeline for a turnaround under incoming CEO Elliott Hill.
Nike Stock Slides After Company Withdraws Full-Year Guidance, Postpones Investor Day
Nike shares skidded after the sportwear company withdrew its annual financial guidance and postponed its first investor day in seven years. Shares (NKE) stood 5.5% lower at $84.21 in recent premarket trading.
Nike Shares Hit After Withdrawal Of FY25 Forecast Amid Weak Q1, CEO Change
Shares of Nike Inc. were down around 6 percent in the extended trading on Tuesday on the NYSE and are currently down around 5 percent
Nike shares dip as forecast withdrawal worries investors about turnaround timeline
Nike shares dropped about 6% in premarket trading on Wednesday after the company withdrew its annual revenue target, keeping investors guessing on the timeline for a turnaround at the sportswear giant under incoming CEO Elliott Hill.
Nike tries to rip off the band-aid for investors. Its stock price is feeling the sting
Sneaker maker Nike Inc. reported falling sales and profits for its most recent quarter, with management stressing that the company’s turnaround would take time as it deals with weaker demand and prepares to bring aboard a new chief executive.
Nike stock tumbles as investors worry about a turnaround
Nike’s (NKE) shares dropped 8% during early trading hours on Wednesday after the company withdrew its full-year guidance and postponed its investor day. The moves created uncertainty among investors on the company’s turnaround efforts under incoming CEO Elliott Hill,
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Under New Leadership, Nike Is Returning to Its Roots in Running
Nike is a running brand, and it’s incredibly important for Nike to win with runners,” said the company’s CFO Matthew Friend.
Nike to post steepest sales drop since COVID, analysts expect target reset
Investors and analysts expect Nike to lower annual forecasts on Tuesday when it posts quarterly results, the company's first ...
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Did Nike Accidentally Make This Running Shoe Too Good?
The shoes that won the Berlin Marathon have been discontinued for over a year. What does that say about the newer models in ...
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Best Nike Shoes For Men: Comfort Meets Performance
Do you want men's Nike shoes of the best quality? The article presented here explores the top models in style, comfort, and ...
Massive Nike outlet sale — here's 15 deals I'd get now on apparel and sneakers from $18
Nike Everyday Plus Cushioned Training Crew Socks: was $22 now from $18 @ Nike There are socks for working out and socks for ...
Jaylen Brown's multi-million dollar war with Nike
How Jaylen Brown starting his own signature shoe line figures into his war of words (and millions of dollars) with Nike.
Don’t Wait for More Shoes to Drop. Nike Stock Is a Bargain.
Wall Street has already given Nike the equivalent of a technical foul call, with shares trading for just under 29 times ...
First Look at the Nike LeBron 22 "Moonlight"
As LeBron James embarked on his legendary run at this year’s Olympic Games in Paris, he wore his next signature shoe, the ...
Everyone Is Talking About Nike Stock. But Here's Why I Believe Another Shoe Stock Is a Better Buy
In short, Crocs can repurchase more shares relative to Nike because its shares are cheaper. Assuming its impressive operating ...
One of Nike's 'Super Supportive' Running Shoes Is Nearly 50% Off, and Shoppers Say It Feels Like 'Foot Heaven'
Nike shoes set the standard for running footwear, and the Structure 25 is part of the reason why: Its supportive, comfy ride ...
The Nike Dunk Low ‘What the Duck’ Is the Kookiest Sneaker of the Year
If you’re lucky to glimpse one in real life, it’s likely to be behind a locked glass case in a high-end sneaker boutique.