Nike's stock dropped 20% in a day due to worse-than-expected quarterly sales, causing a 31% decline this year.
Nike's stock has fallen by 31% this year, dropping 20% in a day following worse-than-expected quarterly sales. Despite the decline, an investing chief advises against buying the dip 'just because the price has gone down'. Investors are urged to stick to their plan and keep investing in a diversified portfolio rather than focusing on individual stock drops.
July 12, 2024
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