What's Wrong With Nike Stock?
Shares are 80% off their record high and trade at a roughly 13-year low.
Overview
Nike (NYSE: NKE) might endorse some of the world's top athletes who are known for winning. However, the business has been on a dreadful losing streak. Shares currently trade 80% off their peak (as of Sept. 25), and they're at a roughly 13-year low.
What's wrong with this consumer discretionary stock?
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.