Nike Gains; Occidental Petrochemical Talks; Pfizer Price Cuts
On this episode of Stock Movers:- Shares of Nike (NKE) moved higher in premarket trading after signs 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.- Occidental Petroleum (OXY) shares edge higher in early…
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