WS #15235
Holding: newest synthesis is 5d 8h old
Nike shares plummeted 9.5% in pre-market trading after reporting mixed Q1 results that missed revenue estimates. The sell-off was exacerbated by the company's removal from the S&P 100 index, a significant structural blow to institutional demand. Baird lowered its price target to $36, citing weak guidance and structural headwinds in the apparel sector.
Nike Earnings Miss and S&P 100 Removal
Nike shares plummeted 9.5% in pre-market trading after reporting mixed Q1 results that missed revenue estimates. The sell-off was exacerbated by the company's removal from the S&P 100 index, a significant structural blow to institutional demand. Baird lowered its price target to $36, citing weak guidance and structural headwinds in the apparel sector.