Nike (NYSE:NKE) shares are down 11% in early Wednesday trading, reacting to a quarterly earnings report that beat estimates on the surface but delivered a forward outlook that rattled investors. The stock closed Tuesday at $52.82, and today’s selloff pushes NKE stock toward levels not seen in years. The headline numbers looked passable. Nike reported ... Nike Plummets 11% on Disappointing Forecast: Generational Buy or Value Trap?
Nike (NYSE:NKE) shares are down 11% in early Wednesday trading, reacting to a quarterly earnings report that beat estimates on the surface but delivered a forward outlook that rattled investors. The stock closed Tuesday at $52.82, and today’s selloff... [4777 chars]