Consumer
Nike Logs Longest Win Streak in 8 Years as Sentiment Shifts
- Pershing stake, two-notch upgrade aid in winning streak
- Williams Trading sees executive-suite changes ‘brewing’
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Battered in late June after a weak sales forecast, Nike Inc. shares have just logged their longest winning streak in more than eight years, propelled higher by a torrent of positive developments.
The athletic footwear and apparel maker’s stock is up 17% over nine days, outpacing the S&P 500 by some 10 percentage points as the market rebounded from its worst rout in two years on Aug. 5.