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Despite revenue drop, Nike's stock rises 11.1%, with major investors adjusting their stakes.
Glenview Trust and Nicholas Company Inc. have increased their holdings in Nike Inc., while First National Trust Co. has reduced its stake.
Despite a 7.7% drop in quarterly revenue, Nike's stock price has risen by 11.1%, and the company's earnings exceeded analysts' expectations.
Nike's stock, currently trading at $71.72, has a "Moderate Buy" rating with a price target of $89.69.
The company also recently announced a quarterly dividend of $0.40 per share, reflecting a 2.23% yield.
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A pesar de la caída de los ingresos, las acciones de Nike aumentan un 11,1%, con los principales inversores ajustando sus apuestas.