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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100