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The stock price fall extends its decline for 2022.
The athletic apparel company updated investors in its quarterly earnings report, revealing a big inventory jump. This video discusses why Nike's (NKE 2.02%) investors were not pleased with the increase.
Stock prices used were the afternoon prices of Oct. 1, 2022. The video was published on Oct. 3, 2022.
Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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