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flag Despite revenue drop, Nike's stock rises 11.1%, with major investors adjusting their stakes.

flag Glenview Trust and Nicholas Company Inc. have increased their holdings in Nike Inc., while First National Trust Co. has reduced its stake. flag 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. flag Nike's stock, currently trading at $71.72, has a "Moderate Buy" rating with a price target of $89.69. flag The company also recently announced a quarterly dividend of $0.40 per share, reflecting a 2.23% yield.

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