Near a 7-Year Low, Is Nike Finally Too Cheap to Ignore?
Nike (NYSE: NKE) stock is up just a few percentage points from its seven-year low -- a low that came during the worst of the pandemic-induced sell-off in 2020 when Nike stock fell below $63 per share for one day, only to rebound 15.2% the next day.Here's what's driving the sell-off in the footwear and apparel company and whether the dividend stock is simply too good a bargain to pass up.Image source: Getty Images.Continue reading
Nike (NYSE: NKE) stock is up just a few percentage points from its seven-year low -- a low that came during the worst of the pandemic-induced sell-off in 2020 when Nike stock fell below $63 per share for one day, only to rebound 15.2% the next day.
Here's what's driving the sell-off in the footwear and apparel company and whether the dividend stock is simply too good a bargain to pass up.
Image source: Getty Images.
