Why Nike Is on The Verge of a Massive Comeback Rally

NIKE TodayNKENIKE$71.09 -0.99 (-1.37%) 52-Week Range$70.53▼$107.43Dividend Yield2.25%P/E Ratio20.37Price Target$89.96Add to WatchlistShares of athleisure giant Nike Inc. NYSE: NKE shares have been in a steep decline for more than 2 years, shedding a staggering 60% from their all-time high in late 2021. As we head into the first couple of weeks of the new year, they’re still struggling to find buyers, trading at levels last seen in 2018. Wall Street is keeping a close eye on the Oregon-headquartered company ...