Nike shares are trading lower after Oppenheimer downgraded the stock from Outperform to Perform. It was also reported the company will cut over 1,600 jobs to reduce costs.

+2.13%

NIKE, Inc. Class B

NKE

92.27

+2.13%

Nike shares are trading lower after Oppenheimer downgraded the stock from Outperform to Perform. It was also reported the company will cut over 1,600 jobs to reduce costs.

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