Should Investors Buy the Dip in Nike Stock?

By Parkev Tatevosian, CFA – Jul 11, 2023 at 6:12PM

NYSE: NKE

Nike

Market Cap

$137B

Today's Change

(-2.62%) -$2.45

Current Price

$90.94

Price as of May 10, 2024, 4:00 p.m. ET

Nike reported quarterly financial results that underwhelmed stock market investors.

Fool.com contributor Parkev Tatevosian reviews Nike's (NKE -2.62%) latest earnings release and updates his recommendation of Nike stock.

*Stock prices used were the afternoon prices of July 9, 2023. The video was published on July 11, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends the following options: long January 2025 $47.50 calls on 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.