Nike bounce runs into margin challenge as tariffs loom after short week
NIKE, Inc. heads into Monday with shares that look better than the company’s income statement. NIKE closed Thursday at $44.09, gaining 2.39% for the day and now up 8.2% since the June 26 close. U.S. markets were closed Friday for Independence Day, and the market cap was about $65.3 billion. The bounce topped the wider market. The spread shows investors paid for an early turnaround, even as profit improved partly on a big tariff recovery.