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NIKE China Business Shrinks as Investors Shift Stakes and Targets

Nike logoNike
Sig1.75Sen-2.10Env0.00Soc0.00Gov0.00

Addenda Capital reduced its stake in Nike after selling shares, while Two Sigma Securities and Cacti Asset Management increased their holdings. Options trading also showed strong call activity. However, reports say Nike’s China business continues to shrink as domestic competitors gain share. Wells Fargo cut its target price and set an equal weight rating, while other banks maintained holds.

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