Nike gains on plans to rejoin Amazon, hiking some prices
ReutersMay 22, 2025 9:06 AM
Nike NKE.N shares up 2.12% at $61.25 in US premarket trading
Nike to resume selling on Amazon AMZN.O after a six-year hiatus
Also plans to raise prices of some products from next week
Avg rating of 41 is equivalent of "buy", median PT is $70 - LSEG
NKE has slumped ~21% this year through Weds, the 5th worst among consumer discretionary stocks .SPLRCD
Yet its F12M PE of 30.3 is 5th highest in that group, per LSEG data
Amazon, down ~8% YTD has a F12M PE of 30.5
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