
Geopolitics
Nike Stock Stumbles as Insiders Cash Out and Sales Slip
Nike's stock is doing the limbo at $39, taking a big tumble from last year. Bernstein thinks it might bounce back to $72, but insiders are cashing out, raising eyebrows everywhere. While runners are loving their shoes, sales in China and Converse are tripping over their own laces. It's a wild ride for Nike as they try to keep their balance in a bumpy market.
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