Reported 4 months ago
Nike's stock has dropped by 48% since reaching a peak in late 2021, presenting an opportunity for value-oriented investors. Despite recent struggles in the macroeconomic climate and competition from brands like Lululemon Athletica and others, Nike's strong brand presence and track record of success are factors to consider. While the company's financial results show ongoing challenges, its long-term potential and history of success make it a stock worth watching for fundamental improvements before considering an investment.
Source: YAHOO