Nike Gains; Cal-Maine Foods Decline; Lithium Americas Soars on US Stake
On this episode of Stock Movers:- Shares of Nike (NKE) moved higher ahead of the open after signs that turnaround efforts at the world’s largest sportswear company are starting to pay off. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, according to a statement, which was a smaller drop than investors anticipated. Gains at Nike’s wholesale and running shoe business, which had previously been weak spots, helped fuel sales of $11.7 billion, more than the $11 billion expected by Wall Street.- Cal-Maine Foods (CALM) decline in premarket trading…
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