✉news BusinessFinance first seen 7 h ago, last 5 h ago, peak #19
Nike warning sends rival athletic stocks sliding
Original: Nike warning hits stocks prices of Lululemon, On, Under Armour, and Hoka maker Deckers Outdoor
Nike issued a warning that dragged down share prices across the athletic apparel sector, hitting Lululemon, On Holding, Under Armour, and Deckers Outdoor, the maker of Hoka footwear. Investors read the warning as a signal of broader weakness in demand for sportswear, prompting a sector-wide selloff as traders reassessed earnings prospects for Nike's competitors.
Why now: Nike's warning about demand is being taken as a bellwether for the entire athletic wear industry.
NikeLululemonOn HoldingUnder ArmourDeckers Outdoor
Evidence
- Nike warning hits stocks prices of Lululemon, On, Under Armour, and Hoka maker Deckers Outdoor · Yahoo Finance
API: https://socialmediatrends-api.osmike.com/v1/trends/741520