Nike Is Now Down 40% This Year. Is NKE Stock Dead Money or Due for a Bounce?
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The post Nike Is Now Down 40% This Year. Is NKE Stock Dead Money or Due for a Bounce? appeared first on 24/7 Wall St..
Shares of Nike (NYSE:NKE) are up 0.96% in Friday afternoon and trading at $36.97, a small bid that barely dents a brutal year. Nike stock is down 40% year to date (YTD), and today’s uptick doesn’t answer the bigger question hanging over the name.
That question, dead money or due for a bounce, becomes more interesting once the peers are placed on the same chart. Taken
Shares of Nike (NYSE:NKE) are up 0.96% in Friday afternoon and trading at $36.97, a small bid that barely dents a brutal year. Nike stock is down 40% year to date (YTD), and today’s uptick doesn’t answer the bigger question hanging over the name.
That question, dead money or due for a bounce, becomes more interesting once the peers are placed on the same chart. Taken
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