Tag: Nike shares

While a recent slowdown in consumer spending has threatened to curtail U.S. retail sales, Nike's first quarter fiscal earnings indicated that the world's largest sporting retailer has been largely unphased. Sales in the US fell by a marginal 2%, with the company making no...

Nike shares skyrocketed by 10% during premarket trading on Friday after the sports apparel company slashed its inventory ahead of the busy holiday shopping season. The company also raised its forecast for its second-quarter gross margin. The sportswear giant has faced excessive inventory levels this...

Nike shares fell by 0.06% on Thursday ahead of the release of the company's fourth-quarter earnings report. This change sees the sports apparel company's stock fall 6% for the year to date. Analysts largely cut their price targets on Nike shares in recent weeks after...

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 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...