More Headwinds Could Be in Store for Nike Stock
Portfolio Pulse from
Nike Inc (NYSE:NKE) stock is experiencing a decline, down 1.2% to $76.67, despite announcing a collaboration with Kim Kardashian's Skims brand.
February 19, 2025 | 5:30 pm
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Nike's stock is down 1.2% to $76.67, despite a new collaboration with Kim Kardashian's Skims brand. This suggests that investors are not optimistic about the partnership's immediate impact on the stock.
The decline in Nike's stock price, despite the announcement of a high-profile collaboration, indicates that investors may not see this partnership as a significant driver for short-term stock performance. The market's reaction suggests skepticism about the immediate financial benefits of the collaboration.
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