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HomeGeneral NewsNike stock surges 17% after promising turnaround update

Nike stock surges 17% after promising turnaround update

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Nike’s stock surged 17% after CEO reassured investors of an imminent recovery despite ongoing challenges and inventory issues.

In Short:
Nike’s stock rose 17% after a better-than-expected earnings report, despite a difficult fourth quarter. CEO Elliott Hill expressed optimism for future…

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