Nike reported earnings today and the stock is down after the results 7 %.
Anyone buying $NKE-20.0%stock on this drop ?
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The price doesn't seem to me to be significantly low
It still doesn't seem downright cheap to me. I would see a fair price somewhere more towards 80$. It's hard for me to rate moat as well, since fashion trends change pretty quickly.
Nice drop and potential buying opportunity. 😊