Nike Stock Eyes Worst Day Ever After Dismal Outlook

Nike Inc (NYSE:NKE) stock is brushing off a fiscal fourth-quarter earnings beat, after the apparel retailer also reported a revenue miss after yesterday's close. Plus. the company predicted a surprise slump in 2025 sales and issued a dismal fiscal first-quarter revenue outlook. In response, NKE is down 18.3% to trade at $77 at last check.In turn, Morgan Stanley, J.P. Morgan Securities, and Barclays downgraded the shares to "equal-weight," while Raymond James and Stifel lowered their ratings to "market perfo ...