Nike (NKE) Stock Drops Despite Market Gains: Important Facts to Note

Nike (NKE) closed at $91.77 in the latest trading session, marking a -0.44% move from the prior day. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow experienced a drop of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.65%.Coming into today, shares of the athletic apparel maker had lost 2.49% in the past month. In that same time, the Consumer Discretionary sector gained 1.96%, while the S&P 500 gained 5.78%.Analysts and investors alike will be keeping a close eye o ...