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 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 ...