Investment activities surrounding
NIKE, Inc. (NYSE:NKE) have been diverse recently, showcasing both bullish and bearish sentiments. Firms such as
Callan Family Office LLC,
Raymond James Financial Inc. and
Assetmark Inc. have increased their holdings, a strong vote of confidence. Notable new investments were made by
Snider Financial Group and
Live Oak Investment Partners. In contrast, organizations such as
Welch & Forbes LLC,
Bahl & Gaynor Inc. and
Bailard Inc. significantly reduced their stakes, indicating potential concerns. The market's general performance has been sluggish for Nike, with rival
Adidas announcing its ambition to top market share. Despite the sell-offs,
Jefferies recommends an aggressive purchase of the stock as shares pop by 5% amidst a new CEO's applauded turnaround strategy. Independently,
Dbs Bank upgraded Nike to 'Strong-Buy', leading to a speculation of the stock's possible oversold state. Analysts, however, warn of Adidas's rising threat. NIKE's foundation appears sturdy and has shown potential for growth as institutional owners dominate 66% of share ownership.
Nike Stocks NKE News Analytics from Wed, 18 Dec 2024 08:00:00 GMT to Sat, 08 Mar 2025 10:52:31 GMT -
