Category: Nike
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Nike withdraws annual revenue forecast, shares drop 6% By Reuters
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(Reuters) – Nike pulled its annual revenue forecast on Tuesday and missed quarterly revenue estimates as the sportswear giant battles weak demand for shoes amid intense competition from newer brands globally, sending its shares down 6% after hours. It had previously forecast a mid-range percentage decline in annual revenue. The…
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Nike names former executive Elliott Hill as CEO
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Nike Inc. (NKE) announced a new chief executive on Thursday, sending its shares up about 10% in after-hours trading as the company tries to revive sluggish sales growth amid increased competition. Elliott Hill, a former Nike executive who retired in 2020, will return to the company as CEO and president…
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Upgrades for Robinhood, Nike and Chipotle Mexican Grill By Investing.com
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Investing.com – Here’s a professional summary of what Wall Street analysts said over the past week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! Robin Hood What happened? On Monday, Piper Sandler upgraded Robinhood (NASDAQ:) stock to Overweight with a $23 price target. *Tilder: The…
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Nike wins over more analysts on signs of a turnaround (NYSE:NKE)
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Thank you for your help/iStock Editorial via Getty Images Nike (NYSE: No) is looking to extend its recent rally as more Wall Street analysts point to a shift in the company that is slowly starting to affect it. Williams Trading has gone from being a bear in Nike (NKE) to……
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Cardano Founder’s Pig NIKE Sparks Memecoin Craze
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A memecoin inspired by Cardano founder Charles Hoskinson’s pet Nike pig has captured the community’s attention. Within just 12 hours of Hoskinson’s post on X, NIKE’s market capitalization had risen to nearly $1 million, underscoring the volatile and often unpredictable dynamics of the cryptocurrency market. Cardano founder launches new Memecoin…
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The Dutchman who gets Nike and Lego into wartime Russia’s stores By Reuters
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By Tassilo Hommel, Gleb Stolyarov, Polina, Nikolskaya, and David Gauthier Villars Paris (Reuters) – Nike (NYSE:) stopped selling its sports apparel to Russia shortly after Moscow launched its all-out invasion of Ukraine more than two years ago. But that didn’t stop Footballstore.ru, an online sports retailer owned by Russian football…