Nike: A Decade of Market Resilience

Nike Inc. (NKE, Financial), the renowned global sports apparel and footwear company, witnessed a significant drop of nearly 12% in its share price in a single trading day. This decline was attributed to the company's recent earnings results, which failed to meet consensus expectations. Since the end of September, Nike has enjoyed a strong performance, with its stock price climbing from $91 to $120.40. However, following this recent drop, the share price has settled at $108, with market expectations of furth ...