NIKE (NKE) Faces A Tougher Reset Story After Sales Weakness And Layoffs

Concerns around NIKE (NKE) have sharpened after fresh reports of declining sales and earnings, weakness in Greater China, and a restructuring plan that includes layoffs and a renewed push to revive Converse. NIKE’s recent selloff has been steep, with the share price down sharply year to date and a 1-year total shareholder return that has declined 43.88%. However, the stock’s 7-day and 30-day share price gains hint at a short-term bounce rather than clear momentum. Spot 33 high quality...