Nike Stock Down 80%: Is NKE a Turnaround Trade or a Value…
Nike shares have fallen roughly 80% from their 2021 peak, and the latest quarterly earnings report gave retail traders another reason to question the recovery trade. Revenue is shrinking, China is deteriorating, and CEO Elliott Hill is preparing more layoffs under a restructuring that promises $2.5 billion in cumulative savings. The trading question is whether the selloff
