Nike Stock Jumps on Amazon Return, Price Hike

  Published 10 months ago

Nike (NKE) shares rose over 2% in premarket trading following news of its return to Amazon (AMZN) after a six-year break. The company also announced upcoming price increases despite a challenging year for its stock performance and high valuation.

  • Nike resumes sales on Amazon after six years.
  • Price hikes planned for select Nike products.
  • NKE’s PE ratio remains high despite a 21% slump.

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