Nike Q4 Results: Selloff Presents Opportunity For Equity Bargain Hunters

Robert WayShares in sneaker giant, Nike (NYSE:NKE), were pummeled in the aftermarket hours on Thursday following the release of its fiscal Q4 earnings results. The stock dropped about 12% after pairing a forward guidance cut with an underwhelming sales report. Heading into the release, shares were already down 17% over the past year, including a 13% loss YTD. The added selling pressure in the after-hours session pulled shares down to a pricing level last seen four years ago during the start of the COVID ...