Nike (NKE) Shares Hit 13-Year Low Amid Ongoing Selloff

Nike (NKE) shares have fallen to a 13-year low, and analysts suggest that the selling pressure may not be over yet. The company's stock has faced significant declines, impacting investor sentiment and potentially leading to further losses in the near term. Reasons behind the drop include concerns regarding inventory management and market competition. This situation is crucial for investors to monitor as it could result in adjustments to revenue projections and overall stock valuation.

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