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Nike Stock Is Down 78% From Its All-Time High. Is This the Once-in-a-Decade Setup for Patient Investors?
Nike (NYSE: NKE) stock is down 78% from its 2021 all-time high -- the steepest drop in the company's history. Sales remain under pressure, and there's no clear catalyst for a near-term rebound. But margins are stabilizing -- a sign that things are moving in Nike's favor as it continues its turnaround. If profitability continues to firm up …