Shares of footwear and athletic apparel stocks are trading lower in sympathy with Nike, which fell after reporting quarterly earnings.
Portfolio Pulse from Benzinga Newsdesk
Shares of footwear and athletic apparel stocks are trading lower in sympathy with Nike, which fell after reporting quarterly earnings.
June 28, 2024 | 10:59 am
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NEGATIVE IMPACT
Foot Locker's shares are trading lower in sympathy with Nike's post-earnings decline.
Foot Locker, being in the same sector as Nike, is affected by Nike's earnings report, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lululemon's shares are trading lower in sympathy with Nike's post-earnings decline.
Lululemon, as a competitor in the athletic apparel market, is experiencing a decline in its stock price due to Nike's earnings report.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Nike's shares fell after the company reported its quarterly earnings, causing a ripple effect in the footwear and athletic apparel sector.
Nike's earnings report directly impacted its stock price, leading to a decline. This is highly relevant and important for investors in Nike.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Skechers' shares are trading lower in sympathy with Nike's post-earnings decline.
Skechers, being in the same sector, is affected by Nike's earnings report, leading to a decline in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Under Armour's shares are trading lower in sympathy with Nike's post-earnings decline.
Under Armour, as a competitor in the athletic apparel market, is experiencing a decline in its stock price due to Nike's earnings report.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Under Armour's Class A shares are trading lower in sympathy with Nike's post-earnings decline.
Under Armour's Class A shares, being in the same sector, are affected by Nike's earnings report, leading to a decline in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60