In With the New: Is Nike Stock a Buy After CEO Change?
Nike has grown concerned enough that it ousted CEO John Donahoe to bring back former executive Elliott Hill to lead the company's turnaround.The stock bounced on the news, but remains 50% below its former high and a severe laggard to the broader stock market. Should investors buy the turnaround? Or are Nike's best days behind it?
Nike stock responds as company names new CEO. Is it too late to buy?
The pop in Nike's stock certainly wasn't the same as the reaction Starbucks stock got when it named a new CEO, and Hill certainly doesn't have the same fanfare, having never been the CEO of a major company. Yet the announcement of him taking over as CEO comes at an interesting time.
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Sept 20 (Reuters) - Nike's new CEO is expected to double down on the company's efforts to repair relations with retailers to ...
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