Nike: Nike Stock Is Down 62%. Is It a Buy?
Nike (NYSE: NKE) stock plummeted to new lows following its latest earnings update. This iconic sportswear brand has suffered declining sales over the last year, which has sent the stock down 62% from its previous peak.
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Nike is an Oregon-based athletic footwear and apparel company that designs, manufactures, and sells shoes, scandals and pants for men, women and kids.
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