NIKE, Inc. (NKE) maintains a strong position in the market as numerous investment firms, including
Franklin Resources Inc. and
Sanctuary Advisors LLC, hold significant stakes in the company. Analysts consider NKE to be a safe, high-income stock, with potential for future growth due to factors such as a dividend aristocrat status close in reach, and a renewed partnership with the
NFL. The market has seen some fluctuation, with companies like
Synovus Financial Corp,
M&T Bank Corp and
iA Global Asset Management Inc. selling off NKE shares while others like
Geode Capital Management LLC,
Wellington Management Group LLP and
Stifel Financial Corp significantly increased their stakes. Furthermore, large institutional owners control around 65% of the shares, potentially stabilizing the stock. Despite some negative performance, particularly a reported 51% loss for investors from three years ago and a drop in market cap, some believe the stock's weakness is temporary due to strong fundamentals. Overall, NKE remains a popular choice for investors with some analysts suggesting it may be a top pick among WallStreetBets and Dow stocks.
Nike Stocks NKE News Analytics from Wed, 31 Jul 2024 07:00:00 GMT to Sun, 15 Dec 2024 02:15:40 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -5
