KEY TAKEAWAYSBillionaire investor Bill Ackman built new stakes in Nike during the second quarter, according to a regulatory filing, helping send shares of the sneaker giant up around 4% in premarket trading.The SEC filing showed Ackman's Pershing Square Capital Management had built a stake of more than 3 million shares.Nike has been struggling with falling sales amid a slowing Chinese economy and rising competition from upstarts like Hoka. Billionaire investor Bill Ackman built new stakes in Nike (NKE) duri ...

NEW YORK, Aug. 15, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of NIKE, Inc. (NYSE: NKE).Shareholders who purchased shares of NKE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/nike-loss-submission-form/?id=95545&from=4CLASS PERIOD: March 19, 2021 to June 27, 2024ALLEGATIONS ...

Billionaire investor William Ackman built new stakes in sportswear company Nike and investment management company Brookfield during the second quarter, according to a regulatory filing made on Wednesday.This marks the first new investments for Pershing Square – which oversees roughly $17 billion in assets – since the firm put money into Google parent Alphabet during the first quarter of 2023.The filing shows that Ackman’s hedge fund Pershing Square Capital Management owned roughly 3 million shares of Nike a ...

A good inflation report and news of a CEO change elsewhere lifted the sportswear stock.Shares of Nike (NKE 5.29%) were moving higher today after the sportswear company seemed to benefit from a cooler-than-expected Producer Price Index (PPI) report, showing inflation was falling faster than expected. The stock was also helped after Starbucks soared on news it was replacing its CEO, since many on social media said they would like Nike to make a similar move. Shares of Nike were up 5.3% as of 2 p.m. ET on Tues ...

Athletic apparel and equipment manufacturer Nike (NYSE:NKE) saw its shares pop over 5% higher on Tuesday, albeit on no corporate-specific news. Instead, it appears that much of the upside catalyst stems from analysts’ reiterating their bullish assessments on Nike stock. Fundamentally, the brand may also be basking in the glow of a successful showpiece at the Paris Olympics.Recently, two analysts — Bernstein SocGen Group and Bank of America Securities — reiterated the equivalent of “buy” ratings. The latter ...

NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of NIKE, Inc. (NYSE: NKE). Shareholders who purchased shares of NKE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/nike-loss-submission-form/?id=95110&from=3 CLASS PERIOD: March 19, 2021 to June 27, 2024 AL ...

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP reminds shareholders that only 7 days remain to move for lead plaintiff in a securities class action lawsuit alleging claims on behalf of investors (the “Class”) who purchased or acquired the Class B common stock of Nike, Inc. (“Nike” or the “Company”) (NYSE: NKE) between March 19, 2021, and June 27, 2024, inclusive (the “Class Period”) If you wish to serve as lead plaintiff for the Class, you must file papers by August 19, 2024. A lead plai ...

brunocoelhopt Introduction and Background You would think with all the hoopla around the recent market corrections that there would be an abundance of bargains just ready for the willing investor. Based on the valuations of the high-quality dividend growers that I regularly monitor; I still feel like the bulk of the market is above fair value. That doesn't mean there aren't opportunities, though, which we'll dig into in this article. On top of regularly calculating fair values for my watchlist, one of my fa ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class B common stock of NIKE, Inc. (NYSE: NKE) between March 19, 2021 and March 21, 2024, both dates inclusive (the “Class Period”), of the important August 19, 2024 lead plaintiff deadline. SO WHAT: If you purchased NIKE Class B common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme ...

See how these two sneaker kings stack up against each other.Nike (NKE 0.22%) has dominated the sportswear market for more than a generation, but its leadership position isn't as strong as it once was. The company has posted anemic growth for the last several quarters and warned that revenue could decline in fiscal 2025 as it struggles, like many of its consumer discretionary peers, with weak consumer demand. As a result, the stock is now trading near a five-year low, and losing market share to upstart compe ...