24.12.2024 00:30:00
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Billionaire Bill Ackman Is Betting Big on Nike. Down 57%, Is the Sportswear Stock Ready for a Comeback?
Nike (NYSE: NKE) has been through the wringer lately.The world's largest sportswear brand is suffering through one of the most challenging periods in its history. Revenue has now fallen for three quarters in a row and those declines are expected to continue. After a post-pandemic spike in 2022, revenue growth decelerated for seven quarters in a row, bottoming out with a 10% decline this summer. Along the way, Nike stock is down 57% from its peak in 2021, and it's ceded significant market share and mindshare to upstart rivals like On Holding and Deckers' Hoka brand.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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BILL Holdings Inc Registered Shs | 85,64 | 0,19% |
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Nike Inc (B) Cert.Deposito Arg.Repr. 0.3333 Shs -B- | 7 450,00 | 0,95% |
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Nike Inc. | 73,00 | -0,50% |
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