Nike's stocks (NKE) seem to have been through a rough rollercoaster ride. Starting with the intensified
US-China trade war causing a tumble in Nike's stock,
new tariffs once again impacting the sentiment around Nike's shares. However, following the tariff rollout, insiders bought in April. Later Invesco Ltd, APG Asset Management N.V. acquired shares of Nike, diversifying their holdings, showing some investor confidence. Despite these acquisitions, a few firms including Piper Sandler issued pessimistic forecasts for Nike's stock price and the stock slid down even further. The stocks tumbled again following the announcement of more
tariffs affecting Asian suppliers. Interestingly, amid these challenges, some investors saw an opportunity with Nike's stocks trading at once-in-a-decade valuations and acquired more shares. Despite some rebound,
Nike's stocks witnessed the worst week with a decline of 16% due to trade tensions raising costs.
Nike's future outlook largely depends on its third-quarter earnings, while
tariff negotiations with Vietnam might bring some respite.
Nike Stocks NKE News Analytics from Sun, 16 Feb 2025 08:00:00 GMT to Sun, 13 Apr 2025 02:07:43 GMT -
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