1 Move That Could Send Nike Stock Soaring
NIKE(NKE) The Motley Fool·2024-08-17 16:00
Will Nike be the next company to dump its CEO?Nike (NKE 0.89%) stock finished up 5% on Tuesday even as there was no company-specific news out on the stock.Instead, the main driver of the gains came from a surprising source. Starbucks stock soared 25% after it named a new CEO to drive a turnaround in the company after the business had faltered under CEO Laxman Narasimhan.A 25% jump on a new CEO might be unprecedented, especially for a company the size of Starbucks, and it seems to have Nike investors thinkin ...