Nike Stock Drops After Moody's Downgrade
Update: 2025-11-14
Description
Nikes stock takes a hit as Moodys downgrades debt ratings, citing increased cost pressures and a competitive market. Despite Nikes strong brand, the downgrade signals concerns about the companys financial health and future cash flow. The stock, currently trading at $64.38, is down 21.2% from its 52-week high, reflecting investor concerns about Nikes ability to navigate these challenges in the global economy.
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