Nike (NKE) closed at $98.31 in the latest trading session, marking a -1.24% move from the prior day. This change lagged the S&P 500's daily loss of 1.02%. Elsewhere, the Dow lost 1.04%, while the tech-heavy Nasdaq lost 1.65%.The athletic apparel maker's shares have seen a decrease of 0.14% over the last month, not keeping up with the Consumer Discretionary sector's gain of 1.11% and the S&P 500's gain of 3.64%.The upcoming earnings release of Nike will be of great interest to investors. The company's earnin ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Nike (NKE) , which belongs to the Zacks Shoes and Retail Apparel industry, could be a great candidate to consider.This athletic apparel maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 24.82%.For the last reported quarter, Nike came out wi ...

Nike (NKE) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this athletic apparel maker have returned +4.3%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Shoes and Retail Apparel industry, which Nike falls in, has gained 4.3%. The key question now is: What could be the stock's future direction?Alt ...

Nike (NKE) Stock Price Prediction in 2030: Bull, Base and Bear Forecasts Wikimedia Commons Nike Inc. (NYSE: NKE), the colossus of the athletic apparel and footwear industry, marries the world of sports with the financial markets, embodying resilience, innovation, and a pervasive global influence. With its foundation deeply rooted in the essence of competitive sports such as basketball, soccer, and tennis, Nike has not only outfitted athletes across the globe but also served as a beacon of inspiration for ...

Nike is laying off thousands of employees, as consumers’ ongoing financial pressures make it harder for them to justify nonessential purchases, such as adding more sneakers to their collections. The footwear company announced its decision to reduce its workforce by approximately 2%, equating to over 1,500 jobs, in a move aimed that comes amid the company’s broader restructuring plan to cut costs in the face of weakening demand for its shoes, CNBC reported Friday (Feb. 16).“This is how we will reignite our g ...

The Dow Jones Industrial Average is near record highs as the stock rally that began in spring 2023 continues. Comprised of 30 leading blue-chip stocks that are representative of the U.S. economy, the index is often referred to as the “Dow 30.” While the index might be at record levels, it has reached those heights largely due to the performance of a handful of its 30 stock components. Most companies listed on the Dow are performing poorly. In fact, despite rising 13% in 2023, the Dow’s gains trailed those o ...

Nike (NKE -2.96%) shareholders were seeing red on Friday morning. The stock was down by 4% as of noon ET compared to a 0.2% drop in the wider market, according to data provided by S&P Global Market Intelligence. That decline added to a tough period for shareholders in recent months. The footwear giant is down 20% in the past year, while the S&P 500 has soared 21%.Friday's decline was sparked by news that Nike is laying off part of its workforce, potentially reflecting further demand weakness ahead.Making mo ...

Nike is laying off 2% of its corporate workforce as it contends with weaker consumer spending.  Starting Friday, more than 1,600 positions will be cut as the company increases its investment in high priority areas such as running, women's clothing and its Jordan brand, CEO John Donahoe told employees, according to a memo seen by The Wall Street Journal. A second phase of the cuts will be completed by the end of the quarter. Employees in stores, distribution centers or on the innovation team aren't expected ...

Athletic apparel giant Nike (NYSE:NKE) is cutting 1,600 jobs, roughly 2% of its staff, as demand for its products slows down.The company hopes to cut costs by $2 billion over the next three years.Investors weren’t impressed, sending NKE stock down 1.5% overnight. Nike opened this morning at about $104.50, a market capitalization of $159 billion on 2023 revenue of $51.2 billion.Swoosh Where It IsCalling the layoffs a “painful reality,” CEO John Donahue said they would not impact store employees, store manage ...

Nike has unveiled restructuring plans which will see thousands of employees laid off after demand for its shoes has come under pressure. Some 2% of the sports retailer's global workforce, equating to 1,600 jobs will be cut, Nike revealed late on Thursday. Overall pressure on consumers through higher mortgage and rental prices is said to have hit demand for high-priced goods, in turn dampening wholesale orders for sportswear from retail outlets. The news of cuts comes after Nike laid out a three-year, US$2 b ...