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Nike shares with a slight decline in price - financial experts see increased competition and reduced forecasts.
According to a report from m.ariva.de, Nike shares were trading slightly lower on Tuesday at $102.77. The security recorded a price decline of 0.82 percent, which corresponds to a loss of 85 cents compared to the previous day. Despite the price decline, the share is still doing better than the overall market, as measured by the Dow Jones, which is currently trading at 37,468 points, down 0.57 percent compared to the last trading day. However, Nike stock is far from its all-time low, which hit $9.44 on August 10, 2006, a loss of 90.81 percent from its current price. The company Nike The…
Nike shares with a slight decline in price - financial experts see increased competition and reduced forecasts.
The Nike company
Nike Inc. is one of the largest sporting goods manufacturers in the world. The group is known worldwide for the development, design and distribution of sports shoes, clothing, equipment and accessories.
The most searched stocks of the past few days
According to the price information from ARIVA.DE, other securities have also been in high demand in the last few days.
This is how experts see Nike shares
Canadian bank RBC recently lowered its price target for Nike from $127 to $120, but left the rating at “Outperform.” Analyst Piral Dadhania sees increased competition and has reduced his sales and earnings forecasts (EBIT) for 2024.
Read the source article at m.ariva.de