Why Is Nike Stock Falling on Wednesday?
Nike Inc. (NYSE: NKE) stock drops Wednesday after Truist Securities downgrades the company to Hold following retail weakness at Dick's Sporting Goods.
A big bank analyst said Nike might not grow as fast because stores selling Nike shoes are doing worse right now. When experts become less hopeful about a company, people often sell its stock, which can make the price go down.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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