Shocking Nike Stock Drop Follows Sales Miss and Layoffs
Nike stock fell after the retailer missed revenue estimates, announced layoffs beginning in 2027, and forecast a high-single-digit fiscal 2027 sales decline.
Nike stock fell after the retailer missed revenue estimates, announced layoffs beginning in 2027, and forecast a high-single-digit fiscal 2027 sales decline.
KSS stock jumps over 62% in premarket trading driven by short squeeze, amid acquisition speculation by leading firms.