Nike Inc (NYSE: NKE) stock closed at $75.37 on 6/28/24 after a major decline of -20.0%. Moreover, trading volume in this decline was exceptionally high at 1149% of normal. The stock has declined -21.1% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NKE is expected to continue to be a major Value Builder.
Nike has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Nike has a slightly negative Power Rating of 34 and a poor Appreciation Score of 23, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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