With stock prices bouncing around in the $50-$60 range any predictions about how low the price will drop once we come out of the holiday break?
My prediction is we drop below $52 before end of Jan.
3 replies (most recent on top)
If Nike doesn’t move WHQ out of woke Oregon, end all DEI hiring practices and stop being a political arm of a certain party, the bottom is zero, bankruptcy or buyout.
Been doing this a long time. Nike is about bottomed out. North America turned a corner and China is next. It won’t be a straight shot up but it won’t get much lower (assuming nothing catastrophic out of Nike control).
The market is reacting to what the company says about forward guidance. The biggest moves will happen after earnings calls, unless something big happens, like new tariffs.
Just wait a couple more earnings when SLT admits outlook will continue year over year declines. My guess is 55 by March and closer to 50 by June.