Skip to main content

Posts

Showing posts with the label Nike stock

AMAZON, NIKE RISES IN PREMARKET; SHOPIFY AND STITCH FIX FALL | TODAY NEWS

  Amazon, Nike Rises In Premarket; Shopify and Stitch Fix Fall Nike stock soared 12% after the sports footwear retailer reported very strong numbers in the first quarter after the close Tuesday. Flat sales after a drop of 38% were particularly impressive, with the brand’s digital sales surging 82%, although margins were flattered by a lack of spending on marketing around major sports events. Deutsche Bank has upgraded its investment stance to buy as a result. Tesla stock fell 5.5% as announcements at the electric car maker’s “Battery Day” of new, more powerful batteries, and the potential of a $25,000, fully-autonomous car “in about three years time” failed to impress investors. Shopify stock fell 1.1% after the e-commerce giant announced that two “rogue members” of its support team engaged in a scheme to illegitimately obtain customer transactional records. Stitch Fix stock slumped 15% after the online personal styling service reported steep losses for the fiscal fourth quart...