stock reset under new CEO sparks turnaround hopes By Investing.com
Nike , Inc. (NYSE:), the global leader in athletic footwear and apparel with a market capitalization of $109.15 billion, is navigating a pivotal moment in its corporate history. With a new CEO at the helm and a strategic reset underway, the company faces both challenges and opportunities as it seeks to reclaim its market dominance and reignite growth. According to InvestingPro data, Nike’s stock is currently trading near its 52-week low, suggesting potential value opportunity for investors looking at the long term. This comprehensive analysis examines Nike’s current position, recent performance, and future prospects in light of its ongoing transformation.
Company Overview and Recent Performance
Nike, commanding approximately 40% of the…
