Wall Street just delivered a jaw-dropping reset on Nike stock

Nike (NKE) is making a habit of frustrating investors. Wall Street’s patience is being tested to no end, disappointing even the most fervent of bulls. The sportswear giant is stuck in a quagmire. The painful stretch is thanks to slow sales, more competition, and constant questions regarding the ability of the management to bring back the momentum of one of the world's most famous consumer brands. That skepticism is clearly embedded within the stock. Nike shares are down roughly 25% over the past 12 month ...