Bill Ackman continues to buy Nike stock despite decline; potential for turnaround with new partnership.

From Nasdaq: 2025-02-22 18:56:00

Billionaire investor Bill Ackman’s firm, Pershing Square, disclosed its trades for the fourth quarter of 2024, revealing continued accumulation of Nike stock. As Nike’s comeback story unfolds, the company announced a game-changing partnership with SKIMS, a fast-growing brand co-founded by Kim Kardashian. Despite recent declines in sales and profits, Nike’s strong financials and iconic brand status suggest potential for a turnaround. Investors should consider the long-term prospects of Nike, especially with the exciting new partnership on the horizon. The Motley Fool Stock Advisor team has identified 10 best stocks to buy now, excluding Nike.



Read more at Nasdaq: Billionaire Investor Bill Ackman Continues to Buy This Stock While It’s Down Over 50%. Should You Buy Before It Roars Back?