Nike stock edges up after RTFKT sale report, even as a downgrade warns the turnaround is slow
Nike shares rose 0.6% to $65.64 Friday after reports it sold its RTFKT digital unit, which transitioned to a new owner Dec. 17. Needham downgraded Nike to Hold, citing inventory risks in China and the U.S. Nike’s stock has swung sharply this week. Quarterly results are due March 19.
