Reported about 9 hours ago
Nike is facing significant challenges, including declining sales and international tariff threats, resulting in a 66% drop in stock value since its peak in 2021. Despite the company being a major player in the athletic wear industry, its current performance raises questions about its future potential for massive gains. Investors are urged to consider other options for building wealth, as Nike's vulnerabilities to market changes and management shake-ups suggest that a turnaround may not be forthcoming anytime soon.
Source: YAHOO