Nike is the world’s largest athletic apparel company, has been selling with one scandal after the other for the past few years. Nike shares are still down about 20% from 52-week highs set in January 2020, even after the overall market bounce of the past few days raised shares 34% from lows set in the past week. Like many other retailers, the shoe and clothing manufacturer and seller is facing headwinds related to efforts to stem the coronavirus pandemic. The NKE Stock at is taking steps to address the issues and working to come out stronger on the other side of this situation, and it has $2.8 billion in cash to help it survive in the meantime. And they truly believe no one’s better fortified than Nike to navigate the current climate. read more

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