Is NIKE Stock Attractive Around 65 After Years of Weak Price Performance?
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Wondering if NIKE at around $65 is a bargain or a value trap? You are not alone, and this is exactly the kind of stock where a closer look at valuation really matters.
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Despite a modest 4.4% rise over the last 30 days, the stock is still down 10.8% year to date and 50.2% over five years, which indicates that sentiment has shifted a lot from NIKE’s peak optimism.
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Recently, markets have been reacting to shifting consumer demand trends and NIKE’s strategic push into direct to consumer channels, as well as its ongoing investments in product innovation and digital engagement. At the same time, investors are weighing how increased competition in athletic apparel and evolving retailer relationships could affect the brand’s long term…
