British Referendum Off European NIKE Shares Under Pressure

According to the news,

Its sports will be released soon.

and

The company's fourth quarter earnings in 2016.

But before that, the target price of NIKE shares fell to $67 on Tuesday.

By yesterday afternoon, NIKE shares were down 2.4% to 52.82 dollars per share, with a turnover of 14 million 670 thousand shares, and the average daily turnover was 9 million 740 thousand shares.

Although earnings per share declined year-on-year, total revenue increased by 6.4%.

Wall Street predicts that the NIKE will receive a total revenue of $8 billion 270 million per share in the latest quarter of 48 cents per share.

Compared with last year, NIKE acquired $7 billion 780 million in revenue in the same quarter by buying one to one incremental stock issue and earning 49 cents a share.

"Greater focus should be on the management of the outlook for the 2017 fiscal year, especially how to cope with the worries brought about by more severe market competition, the pressure on the high-end basketball market, potential financial futures risks and stock pressure in North America."

Analysts at the US investment bank Jefferies recently wrote in a report.

In addition, analysts believe that the pressure on the NIKE stock market to be sold by the entire capital market is also caused by the decision of the British referendum to depart from Europe.