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Nike: Should Investors Buy The Stock Right Now?

Sometimes iconic companies go through a rough patch -- Apple nearly going bankrupt in the late 1990s is perhaps the most extreme example. More recently, Netflix stock dropped to a low of 166persharein2022afterincreasedcompetitionledtosubscriberlosses,andAmazonsstockdippedunder166 per share in 2022 after increased competition led to subscriber losses, and Amazon's stock dipped under 82 per share at the start of 2023, when growth in AWS slowed.Both stocks skyrocketed after ironing out the issues. Nike (NKE 1.12%) is currently experiencing a rough patch of its own. The stock is 66% off its 2022 h ...