Nike stock edges up after RTFKT sale report, even as a downgrade warns the turnaround is slow
Nike, Inc. shares rose 0.6% to $65.64 in afternoon trade on Friday after a report said the sportswear maker sold RTFKT, its digital products unit. Nike said the business transitioned to a new owner on Dec. 17. The stock traded between $64.46 and $66.52.
