Nike Stock Rises as Sales Surge
Nike shares gained almost 13% in early trading on Wednesday following the company's announcement that it has overcome its recent inventory problem. The company's stock is still down by around 30% for the year.
“We believe the inventory peak is behind us," CEO John Donahoe...
Nike Stock Takes 13% Dive Amid Ballooned Inventory
Nike released its latest earnings results on Thursday, and it’s safe to say the investors were not impressed by the report. The Nike stock (NKE) plunged around 13 percent after the results were made public, dropping from a $95.45 close on Thursday to $83.35...