Nike Stock: Paris Olympics Could Be The Turning Point

Summary:

  • NKE stock has been under pressure, with prices retreating by over 15% in the past year.
  • The upcoming Paris Olympics could be a turning point for NKE, boosting sales and brand loyalty.
  • NKE’s valuation is reasonable considering its brand power and profitability, with a discount compared to its historical averages.
large NIKE flagship retail clothing store

Robert Way

NKE stock has been under pressure

Nike stock (NYSE:NKE) has been under large price and earning pressure lately. The stock price retreated by more than 15% in the past year as you can see from the chart below. In contrast, the broader market


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