NIKE’S STOCK PLUMMETS 20% AMID CONCERNS OVER SALES DECLINE AND MARKET SHARE LOSSES
Sat 29 June 2024: Nike’s stock experienced its worst day ever, plunging 20% and wiping out $28.41 billion from its market valuation, Reuters reported. This dramatic drop followed the company’s forecast of a mid-single-digit percentage fall in fiscal 2025 revenue, contrary to analysts’ expectations of a near 1% rise. Investors are worried about Nike’s efforts […]
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