Nike (NYSE:NKE), the athletic footwear, apparel, and equipment juggernaut, closed Wednesday at $44.62, down 15.52%. The stock dropped after weak fiscal Q3 guidance and analyst downgrades, amid investor focus on the extended turnaround timeline, China demand, and margin recovery.
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Stock Market Today, April 1: Nike Shares Plunge After Weak Guidance and Analyst Downgrades
Nike (NYSE:NKE), the athletic footwear, apparel, and equipment juggernaut, closed Wednesday at $44.62, down 15.52%. The stock dropped after weak fiscal Q3 guidance and analyst downgrades, amid investor focus on the…
