PROFILE OF THE WEEK

Published on .

Nike stock jumped 7% to $43.63 in one day, Jan. 6, on news the National Basketball Association lockout would end. Nike earlier cited the lockout as a factor in a 15% sales drop it suffered in its fiscal second quarter ended last month. U.S. sales of basketball footwear and apparel account for as much as 15% of Nike's global business by some estimates. Nike stock, which fell to $31 in late summer, has been slowly recovering since then but is still below its 1998
In this article:
Most Popular