As Nike Stock Slides, What’s Dragging the Swoosh Down + 2 Bright Spots

Nike shares continued to struggle on Friday as the Swoosh ran into some notable obstacles as it continued its comeback bid in the second quarter. Overall, the company did better than analysts predicted, but the weight of what’s needed to turn around Converse and Greater China led to the stock to take a double-digit hit on Friday. More from WWD On the company’s second quarter earnings call on Thursday, Nike president and chief executive officer Elliott Hill told analysts that the company is “in the middl ...