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Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon

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Summary
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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 .

VR Score

82

Informative language

86

Neutral language

60

Article tone

semi-formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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