Nike shares are trading higher after Adidas reportedly increased its full-year guidance.
Portfolio Pulse from Benzinga Newsdesk
Nike shares are trading higher following Adidas' announcement of an increased full-year guidance.
July 16, 2024 | 3:53 pm
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Nike shares are experiencing an uptick in trading as a result of Adidas increasing its full-year guidance.
Adidas' positive outlook suggests a strong market for athletic wear, which is likely to benefit Nike as well. Investors are reacting positively to the news, driving Nike's stock price higher.
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RELEVANCE 100