The sportswear giant Nike (NYSE: NKE) stock hits a fresh 52-week low of $95 on Tuesday. Nike shares have fallen more than 35% since the beginning of the year. The stock currently struggling to crawl back above the key level of $100.
Nike is set to announce its last-quarter financial results on Thursday, September 29, after the markets close. The company is expected to post quarterly earnings of $0.92 per share and revenues are expected to be $12.28 billion.
Check out the detailed outlook of Nike stock here - Nike stock stays below $100 ahead of the earnings call