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Nike shares drop toward 52-week low as Wall Street frustration shows
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Nike shares drop toward 52-week low as Wall Street frustration shows
NIKE shares plunged 4.8% to $43.73, nearing a 52-week low, as investors doubted CEO Elliott Hill’s turnaround ahead of the critical June 30 earnings report; weak sales, falling margins, and sliding global market share fueled the selloff, while short interest climbed to 4.67% of shares outstanding. The post Nike shares drop toward 52-week low as Wall Street frustration shows appeared first on TechStock².
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