Nike's Financial Impact Stabilizes
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NikeCNBC
•Business
Business & Economics
Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon

74% Informative
Nike confirmed that the largest financial impact from its turnaround plan is now in the past.
A number of Wall Street banks issued bullish commentary on the stock the morning after it released fiscal fourth quarter results.
CEO Elliott Hill stressed the company has emerged from the worst of its slump, and the slide in sales and profits would begin to moderate in the quarters ahead .
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