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Nike Stock - More Popular As Stock Split Makes It Cheaper

By Erin Clerici - 10 Jul 2018 844 0 comment
Nike Stock - More Popular As Stock Split Makes It Cheaper

Nike’s 2 for 1 stock split on December 26th drastically lowered its stock price. As a result, we lowered our price on a share of Nike stock and have seen heavy demand. Must have been a lot of sports fans waiting in the wings. Will be interesting to see if there is any Lance Armstrong impact on Nike. I have heard that other sponsors like the U.S. Post Office are suing him because of no drug requirements in their contract. I assume that Nike had the same type of clauses but who knows.

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