Similar Stories to Nike Stock Is Worth A Look Now on Bing News

Nike's (NYSE: NKE) stock has been flat over the past year, as sales growth has been lower than investors expect, especially given that Nike was valued at a high price-to-earnings (P/E) ratio of 30 in early 2016. High valuations demand high growth, and when growth disappoints, stock prices usually suffer the consequences.Meanwhile, Adidas (NASDAQOTH: ADDYY) has been invading Nike's territory in North America with renewed energy, posting robust sales growth over 20% compared to Nike's paltry single-digit sales growth. However, I don't believe this is the time to throw in the towel on Nike, which has one of the most iconic brands in the world.

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BING SEARCH:
  • NKE: NIKE Inc Stock Price Quote
    Nasdaq. 16,920.58. –0.58% US 10 Yr. 4.59. +0.18% FTSE 100. 8,204.08. +0.26% Crude Oil. 78.91. –0.40% Gold. 2,352.40. –0.49% Euro. 1.08. +0.11% Pound/Dollar. 1.27. +0.09% Markets. Data. NIKE Inc....
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    Open 93.50. Bid 94.05 x 800. Ask 94.06 x 800. Day's Range 92.97 - 94.28. 52 Week Range 88.66 - 123.39. Volume 3,192,652. Avg. Volume 9,712,319. Market Cap (intraday) 142.136B. Beta (5Y Monthly)...
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    Stock Price & Overview. Follow. $92.00 0.25 ( +0.27%) 4:00 PM 05/28/24. NYSE | $USD | Post-Market: $91.98 -0.02 (-0.02%) 5:30 PM. Summary. Ratings. Financials. Earnings. Dividends. Valuation....
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