In the December 28th edition of the Daily Stock Report, we highlighted Nike (NKE) rolling back down into the Red Unfavored Zone of the SIA S&P 100 Index Report. Since then, the shares have continued to drop down in the rankings and are currently near rock bottom in 100th place.
On Friday, the shares sold off once again dropping 6.90% after the athletic clothing producer released disappointing sales numbers and guidance. Year to date, Nike is down 13.2%, while the S&P 100 Index is up 10.9%.
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