Shares of $NKE are up 6% today after Nike said its former CEO will return to the company. That's good news, but the company hasn't been doing well and the stock has been down for a long time.
I previously had $NKE stock in my portfolio and sold it fairly quickly, which was a good decision. I would not buy their stock again.
What's your take on $NKE?
Well if the stock drops even more significantly, it could be a nice buying opportunity.