“Why Is Everyone Talking About Nike Stock? | NKE Stock Deep Dive Part 2”
NKE is a buy but potentially premature due to inventory issues; current price $36 is attractive but $32 is preferred.
Listen, I think the main reason everyone is talking about Nike stock is that it's trading at its lowest level in 52 weeks. The stock price has fallen significantly over the past few years.
It has fallen significantly from its peak of over $175 per share.
The company is still taking time to accelerate its growth, as the current management team hopes . One of the strategies Nike is implementing to stimulate revenue growth is to renew its relationships with wholesalers.