Sellers Hit Nike Stock Hard Amid Earnings, Restructuring Worries
Nike (NKE) is next up on the earnings calendar in an otherwise quiet week of reports. It looked like Nike was ready to start a meaningful uptrend when it gapped up powerfully in late June. A better-than-expected earnings report was the catalyst. But selling pressure has started to build as Wall Street awaits further updates on the company's turnaround under… BREAKING: Inflation Data Cements Rate Cut Expectations Related news IBD Stock Of The Day Near Buy Point As Company Lights Up Margins. One Segment Soare ...