Nike's Trajectory Improves, CoreWeave Jumps, US Takes Lithium Americas Stake
On this episode of Stock Movers: Nike (NKE)'s wholesale business and strength in North America powered the company’s latest quarterly sales above Wall Street’s expectations, showing that turnaround efforts at the world’s largest sportswear company are starting to deliver results. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, a smaller drop than investors anticipated, according to a statement. Revenue in the period was $11.7 billion, higher than the $11 billion projected by analysts. Nike shares rose 0.9% 4:35 p.m. in extended New York…
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