Academy Sports Drops as Nike's Earnings Drag Down Retail Sector
Update: 2025-12-22
Description
Academy Sports and Outdoors stocks plummeted 3.7% following Nikes weak earnings report, causing a ripple effect in the athletic retail sector. Despite a volatile year and a current 15.2% drop from its 52-week high, a $1,000 investment five years ago would now be worth around $2,597. This recent dip may be a market overreaction to short-term news.
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