Nike Stock in Focus Amid Plans to Trim More than 700 Staff by End of June

Key TakeawaysNike shares come into focus Monday after the company said it plans to lay off 740 employees by the end of June.The staff reductions form part of of a three-year cost-cutting plan to reduce expenses by $2 billion, which the company announced in December.Nike shares may find a floor of support near a double bottom chart pattern around $89, and resistance near a horizontal line at $104. Shares in Nike (NKE) will be in focus Monday after the sports apparel and equipment maker revealed via a notice ...