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Nike Stock Slides to Second Biggest One-Day Drop in Two Years

Kevin Curran

While there was no glaring hole in the company's results, in fact the company recorded a beat on top and bottom-line earnings results, the market appears to have pinpointed pain points of weakness. The anxiety over a slowdown, a much feared buzzword in the current environment, was only exacerbated by North American sales coming in well below analyst estimates. Amid the slide, the analyst community consistently advised picking up shares at what they saw as significantly discounted values.