Published on 19 Apr 2024 on Insider Monkey via Yahoo Finance
Here’s Why Nike (NKE) Fell in Q1
Polen Capital, an investment management company, released its “Polen Focus Growth Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. The US stock market started 2024 optimistically. In the first quarter, the fund returned 8.29% (gross) and 8.09% (net) compared to 11.41% for the Russell 1000 Growth Index and 10.56% for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Polen Focus Growth Strategy featured stocks like NIKE, Inc. (NYSE:NKE) in the first quarter 2024 investor letter. Headquartered in Beaverton, Oregon, NIKE, Inc. (NYSE:NKE) designs, develops, and markets athletic footwear, apparel, equipment, and accessories. On April 18, 2024, NIKE, Inc. (NYSE:NKE) stock closed at $95.74 per share. One-month return of NIKE, Inc. (NYSE:NKE) was -5.04%, and its shares lost 23.07% of their value over the last 52 weeks. NIKE, Inc. (NYSE:NKE) has a market capitalization of $144.506 billion.