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Down 55%, This Blue Chip Stock Is a Good Buy for Long-Term Investors [Yahoo! Finance]
Last ebay inc. earnings: 4/29 04:15 pm
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US:NASDAQ Investor Relations: investors.ebayinc.com
It's been an industry leader for quite some time, it's financially stable, and it has a global brand many companies could only dream of matching. Unfortunately, being a blue chip stock doesn't make you immune from down periods, and that's exactly what Nike has gone through these past few years. Since hitting an all-time high in Nov. 2021, Nike stock is now down close to 55%. It's fallen 24% in 2024 alone. Needless to say, it's been a rough ride for Nike and its shareholders lately. On one hand, no investor wants to see their investment's value drop by more than half (or at all). On the other hand, Nike's current trading levels present a good buying opportunity for long-term investors who are willing to have some patience. A changing of the guard could breathe new life into Nike Nike recently announced it would replace CEO John Donahoe with incoming CEO Elliott Hill, effective Oct. 14. Donahoe has been Nike's CEO since Jan. 2020, and it has been a tale of two halves. The firs
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