4 Reasons to Buy Nike Stock Like There's No Tomorrow [Yahoo! Finance]
On Holding AG (ONON)
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Source: Yahoo! Finance
Nike stock is down more than 40% from its late-2021 high and still trading within sight -- and reach -- of 2022's multiyear low. A combination of competition, a lack of innovation, and the fallout from the COVID-19 pandemic are still taking a lingering toll. Its most recently reported quarter's revenue was merely flat compared to its year-earlier figure, while guidance for the next few quarters was a letdown. The stock's just behaving accordingly. As the old adage goes, though, nothing lasts forever. There are four distinct reasons investors might want to go ahead and dive into Nike stock sooner than later, despite its recent weakness. 1. A thoughtful turnaround plan is underway There's no denying the company was caught with its proverbial pants down. Alternative brands of athletic shoes like Hoka and On should have never been allowed to gain the sort of traction they've been getting of late -- largely the result of Nike's recent misfires and lack of meaningful innovation. The
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ONON
Earnings
- 8/13/24 - Miss
ONON
Sec Filings
- 9/25/24 - Form 144
- 9/18/24 - Form 144
- 9/6/24 - Form 144
- ONON's page on the SEC website