Nike Stock Slips as S&P Downgrades Credit Rating
Nike Inc (NYSE:NKE) shares are falling Monday as S&P Global Ratings downgraded its credit rating on Nike to A from A+, with a negative outlook.
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Lululemon Stock Falls to 52-Week Low: What's Happening?
Lululemon Athletica shares touched a fresh 52-week low near $94 Friday, extending a decline that's left the stock down 54% so far this year.
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Nike's Next Earnings Report on Oct. 1 Could Send the Stock Plunging. Here's Why.
Nike's stock has plunged 43% this year as its turnaround plan under Elliott Hill has stalled amid weak consumer demand, particularly in China, and broader economic headwinds. With the company reporting earnings on Oct. 1, analysts warn that without a meaningful upside surprise, the stock could face further declines given poor market sentiment and lack of visible progress two years into the turnaround effort.