Nike shares hit deep lows as analysts point to intensifying footwear competition and weaker sales, while insiders buy a peer
A sharp drop in Nike’s stock to roughly 12-year lows has renewed scrutiny of the company’s momentum in an increasingly competitive apparel and footwear market. Even after the selloff, a Yahoo Finance report noted the stock still trades at a meaningfully higher forward price-to-earnings multiple than the sector median, and it highlighted insider buying in a rival.