Why Nike Is on The Verge of a Massive Comeback Rally
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Nike Inc. (NYSE: NKE) has experienced a significant decline in its stock price, dropping 60% from its peak in late 2021. The stock is currently trading at levels last seen in 2018, indicating a potential opportunity for a comeback rally.
January 15, 2025 | 12:30 pm
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Nike's stock has declined 60% from its all-time high in late 2021, now trading at 2018 levels. This significant drop suggests a potential for a comeback rally as the stock seeks to find buyers.
The steep decline in Nike's stock price over the past two years, reaching levels last seen in 2018, suggests that the stock may be undervalued. This could attract buyers looking for a potential rally, especially if market conditions improve or if Nike releases positive news.
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