Or Nike’s been buying up their own stock.
Here’s hoping these “investors” take it in the shorts.
Fake news - Nike, along with a lot of other stocks are at all time highs. If anything it should’ve been 4% higher because of the drop.
The real proof of the pudding will come after Christmas sales.
What?!
No, “Unexpectedly,” in the title like they do with the economy and job growth stories when Trump’s policies improve them?!?!
Nike will benefit from being anti-cop, anti-America etc. Their market is 16-30 year olds who have been indoctrinated in public schools and haven’t lifted a finger to pay taxes, millennials, they “think” socialism is cool.
Would like to see who bought blocks.
The rich leftists must be buying Nike by the truckload
Soros.
There is a lot of evil in this world. One need only know where to find it....
I buy American made New Balance sports wear and suspect most conservatives do too.
Nike is an international company whose anti-American marketing campaign is likely to resonate around the world.
The Stinky Sneakers crowd says, “In yo face, America! Take your flag and shove it.” The chimps are not going to give up their 300 dollar pairs of stinky sneakers and 600 dollar football jerseys.
Let’s see how the 4th Quarter sales numbers look before concluding NIKE made a wise decision to irritate more than half of their customer base.
In the past my wife would order a NIKE shirt for her brother’s birthday present.
Not so this year. Her brother will get a New Balance shirt for his birthday present.
Meanwhile, on the interwebs, Nike is mocked daily via scores of memes that have turned Nike into the butt of jokes.
Or Soros is proping up their stock to support The Agenda.
Anti-anything Trump sells. Not a mystery at this point and it’s one reason this over the top partisanship continues on. Whether one wants to believe it or not, President Trump is the most hated figure on earth. NIKE makes 50%of its revenue overseas. Google will not suffer either.
They monkeyed around with their marketing and decided to go after the stupid people. Guess it worked; at least for now. It may be the kiss of death later though.
I rarely wish for a company to crash and burn but in this case I will make an exception.
Every favela dweller (under a cartain age) in Brazil probably owns several pair of expensive sneakers.
We need to face the fact that a sizeable minority of our population hates America.
Nike is a big company, included in many indexes - so its price will fluctuate along the the flows of money into those index funds.
A rising tide lifts all boats - and a shift toward consumer products or American stocks would raise Nike’s stock price by default.
Stock price is due to many factors, as well as just perception or mood.
Earnings is the real bottom line. Next quarter’s earnings report will reveal the real effect on their real business. Until then, we will mainly see leftist reporters trying to manipulate public perception before the election.