Nike stock dips despite NikeSKIMS shoe reveal with Kim Kardashian — what investors watch next
Nike shares fell 1.1% to $65.57 Wednesday, underperforming the S&P 500, as the company announced its first NikeSKIMS footwear launch for Jan. 26 in North America. Investors remain cautious amid weak margins, ongoing discounting, and sluggish China sales. Trading volume was light. The next earnings report is expected in mid-March.
