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Barchart
Barchart
Wajeeh Khan

As Nike Announces Second Round of Layoffs, Is NKE Stock a Buy, Sell, or Hold?

NKE NIke Stock

Nike (NKE) stock inched up on Friday morning after the footwear giant announced its second round of layoffs, affecting roughly 1,400 employees as part of its restructuring plan. 

At its intraday peak, NKE looked headed to challenge its 20-day moving average (MA), indicating potential for accelerated bullish momentum ahead. 

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