Nike Stock Down 44% From High as CEO Buys Shares
Nike stock is currently down nearly 44% from its 52-week high of $80.17, closing at around $44 after a recent rebound following Q4 earnings in June. Despite strong reported financials including revenue and net income growth, much of the profit came from an import duty refund rather than core business performance.
Tickers: $NKE
Topics: Earnings Report Gross Margin Import Duty Refund Nike