Nike Stock Jumps on Amazon Return, Price Hike

  Published 1 year 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.

You might like these

IndiGo Ends Turkish Airlines Lease Deal

Max Healthcare Surges on Growth Outlook

Indian Metal Stocks Surge on Weak Dollar, Copper Gains

EID Parry Q4 FY25: Mixed Results & Investments

India's Forex Reserves Hit $698.95 Billion in June

Anand Rathi Wealth FY26 Growth Highlights

Food Processing CEOs Back GST Cuts

News that matters the most ⚡