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Why Nike Stock Plummeted 15% Earlier This Week -- but Is Now Rebounding
Shares of Nike (NYSE: NKE), the world's most popular shoe and apparel brand, dropped 15% earlier this week but have recovered some of these losses as of noon ET on Friday, according to data provided by S&P Global Market Intelligence.Now down 9% across the week, Nike initially declined on Thursday after the president's tariffs targeted three countries responsible for the majority of the company's manufacturing.Here's what happened earlier this week and why Nike's shares have rallied somewhat today.Continue reading
Shares of Nike (NYSE: NKE), the world's most popular shoe and apparel brand, dropped 15% earlier this week but have recovered some of these losses as of noon ET on Friday, according to data provided by S&P Global Market Intelligence.
Now down 9% across the week, Nike initially declined on Thursday after the president's tariffs targeted three countries responsible for the majority of the company's manufacturing.
Here's what happened earlier this week and why Nike's shares have rallied somewhat today.
