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MarketBeat
MarketBeat
Business
Jeffrey Neal Johnson

Nike's Stock Just Got an Upgrade: Is a Real Comeback Brewing?

NIke On MarketBeat

After a challenging couple of years for its stock, Nike (NYSE: NKE) just gave investors a reason for renewed optimism. Following its fourth-quarter earnings report on June 26, the company’s stock jumped close to 15% in a single session. This powerful rally came as a surprise, especially since Nike reported a 12% drop in revenue and a steep 86% decline in profits for the quarter.

So, why the celebration?

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