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Nike: Down 20.7% in June
Let's start with the biggest plunge. Athletic footwear and apparel giant Nike $NKE.US$ was doing alright for most of last month. The stock traded roughly sideways until June 27, followed by a 19% price drop on the month's final market day.
Nike's crash started with a mixed earnings report for the fourth quarter of fiscal year 2024 (ended May 31). The company exceeded Wall Street's consensus earnings tar...
Let's start with the biggest plunge. Athletic footwear and apparel giant Nike $NKE.US$ was doing alright for most of last month. The stock traded roughly sideways until June 27, followed by a 19% price drop on the month's final market day.
Nike's crash started with a mixed earnings report for the fourth quarter of fiscal year 2024 (ended May 31). The company exceeded Wall Street's consensus earnings tar...
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