Nike Inc NKE 1.6% shareholders may have spent most of 2016 feeling like outcasts, and for good reason. With the trading year drawing to a close this week, Nike is the lone component of the 30 stocks in the Dow Jones Industrial Average that is in the red for the year.
On Thursday morning, Pension Partners director of research Charlie Bilello tweeted out the graphic below showing the sad state of affairs for Nike stock in 2016.
While the rest of the index has pushed to new all-time highs this year, margin pressures and disappointing guidance numbers from Nike have traders taking profits on what had previously been one of the most consistent performers in the market over the past decade. As Bilello pointed out, Nike has delivered…
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