Reported about 2 months ago
Nike Inc. has registered its longest winning streak in more than eight years, with shares rising 17% over nine days, bolstered by favorable consumer sentiment and positive earnings reports from major retailers. The stock's rally followed a significant investment from Bill Ackman's Pershing Square Capital Management, easing fears of activist investor pressure. Analyst Sam Poser upgraded the stock to 'buy', citing a leadership change as a potential turning point, despite Nike's shares still being down 12% year-to-date.
Source: YAHOO