Register for streaming realtime charts, analysis tools, and prices.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Nike CDR Cad Hedged | NEO:NKE | NEO | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.68 | 13.67 | 13.73 | 0 | 13:05:05 |
From Nov 2023 to Nov 2024
By Will Feuer
Shares of Foot Locker and Dick's Sporting Goods traded lower after sneaker giant Nike lowered its full-year sales outlook and launched a three-year plan to cut up to $2 billion in costs.
Nike shares tumbled almost 12% to $108.40 in premarket trading. The warning also hit retailers Foot Locker and Dick's, both major wholesale customers of Nike.
Foot Locker stock fell more than 7% to $30 in the premarket session on Friday. The stock was already down more than 14% this year through Thursday's market close.
Shares of Dick's, up about 22% this year, fell more than 4% to $140.50 in premarket trading.
Nike Chief Financial Officer Matt Friend said Thursday evening that the company is grappling with soft demand outside of key periods such as back-to-school shopping and Black Friday. He said its competitors are also getting more promotional, putting price pressure on the whole sector.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
December 22, 2023 07:00 ET (12:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Nike CDR Cad Hedged Chart |
1 Month Nike CDR Cad Hedged Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
