Shares of footwear and athletic apparel stocks are trading lower in sympathy with Nike.
Portfolio Pulse from Benzinga Newsdesk
Shares of footwear and athletic apparel stocks are trading lower in sympathy with Nike.
June 27, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Foot Locker's stock is trading lower in sympathy with Nike.
Foot Locker, being a retailer of Nike products, is affected by Nike's stock performance. Negative sentiment around Nike impacts Foot Locker.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Lululemon's stock is trading lower in sympathy with Nike.
Lululemon, although not a direct competitor, is part of the athletic apparel market and is influenced by Nike's stock movements.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Nike's stock is trading lower, causing a ripple effect across the footwear and athletic apparel sector.
Nike is a major player in the footwear and athletic apparel market. A decline in its stock price often affects related stocks due to market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Under Armour's stock is trading lower in sympathy with Nike.
Under Armour, as a competitor in the athletic apparel market, is affected by Nike's stock performance. Negative sentiment around Nike impacts Under Armour.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 75
NEGATIVE IMPACT
Under Armour's Class A stock is trading lower in sympathy with Nike.
Under Armour's Class A shares, like its common stock, are influenced by Nike's stock movements due to market sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 75