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-0.000216919739696423 0.0010845986984815 0 0.000201735357917486 0.00390455531453362 0.00412147505422989 -0.000433839479392538 0.00249457700650764
Stock impact report

Nike's Spiraling Stock Has Wall Street Questioning Comeback Plan [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
(Bloomberg) -- Wall Street is souring on Nike Inc. as concerns over its ability to revamp its business have driven the stock to levels not seen in more than a decade. Shares touched their lowest since 2014 to begin the week after HSBC's Akshay Gupta cut his rating on the shoemaker to hold, saying the thesis around the company's turnaround has become a “show me story.” That sentiment was quickly echoed by UBS analyst Jay Sole who said there are few catalysts to justify buying Nike shares even at current levels. “The stock price is reflecting the market's realization that the turnaround might take a little bit longer than it had thought maybe six months ago or 12 months ago,” Sole said in an interview. Chief among investor worries is that Nike may be eroding its reputation as a high-end brand and losing its ability to connect with more affluent consumers. Once a favorite among Wall Street analysts, the world's largest sportswear company has lost fans as its Converse brand has str Show less Read more
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