Nike shares are trading lower in sympathy with Foot Locker, which reported weak quarterly results and lowered its FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Nike shares are trading lower due to weak quarterly results and lowered FY23 guidance reported by Foot Locker.
May 19, 2023 | 10:51 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Nike's stock price is negatively impacted by Foot Locker's weak quarterly results and lowered FY23 guidance.
Nike shares are trading lower as they are being affected by Foot Locker's weak quarterly results and lowered FY23 guidance. As Foot Locker is a major retailer of Nike products, their performance can have a direct impact on Nike's stock price.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75