Movement Alert｜Nike Falls 3.59% in Regular Trading, Truist Downgrade Weighs on Shares

Market Focus11-06

On November 6, Nike fell 3.59% in Regular Trading, trading at $38.58 per share with turnover of $124 million.

The clearest catalyst in recent market coverage was Truist Securities cutting Nike to sell from hold and assigning a $29 price target, a notably bearish view relative to the stock's current trading level.

Supporting context shows Nike shares were reported lower after the downgrade, with one market update citing a 2.8% drop during Thursday trading near $39.36. Additional recent analyst actions have also turned cautious: Morgan Stanley lowered its price target to $25 from $27 earlier this week, while FactSet consensus still showed an average rating of hold and a mean target near $35.33, highlighting widening skepticism around Nike's recovery outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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