Nike Stock Hits 52-Week Low as Consumer Discretionary Lags
Nike Inc (NYSE:NKE) stock is sliding Monday, falling below its 52-week low as broader weakness across consumer discretionary stocks continues, with multiple analysts also cutting price targets on the stock this week.
Nike's stock price hit its lowest level in a year. When lots of people buy less stuff like clothes and shoes, even big brands feel the squeeze.
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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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