Reported about 20 hours ago
Nike's stock plummeted to a 7-year low on fears that new tariffs from the Trump administration could significantly impact its profits, particularly affecting production costs in major manufacturing regions such as Vietnam and China. As the stock dipped 14% to close at $55.58, investors are advised to monitor key support levels around $50 and $40, as well as resistance levels at $68 and $86, which could indicate future price movements.
Source: YAHOO