Down 62%, Can Nike Stock Be a Millionaire Maker?

Just because a business has a history of dominating its industry, it doesn't mean that it's always going to be a smooth ride. Nike (NYSE: NKE) provides a clear example of this. The global leader in sportswear has struggled mightily in recent years. And the leadership team is putting its best efforts forward to improve the situation.The market isn't yet convinced. This consumer discretionary stock is trading 62% below its all-time high (as of Oct. 20), and it has fallen 11% in 2025 after a very volatile year thus far. In the midst of such a massive dip, can Nike shares be a millionaire maker? Image source: Nike.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool