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10-01-2016 LSU Pregame

Nike just did it, shares soar to record high

National

Nike just did it, shares soar to record high

(KTRS) – Nike shares rose nearly 5% Friday to finish at an all-time high. This comes after the sportswear company reported earnings that topped forecasts. In particular, Nike’s iconic shoe brand continues to propel the company in markets across the globe. Five years ago, Nike’s stock was struggling to trade at $40 a share. Now it’s […]

Nike just did it, shares soar to record high

(KTRS) – Nike shares rose nearly 5% Friday to finish at an all-time high. This comes after the sportswear company reported earnings that topped forecasts. In particular, Nike’s iconic shoe brand continues to propel the company in markets across the globe.

Five years ago, Nike’s stock was struggling to trade at $40 a share. Now it’s boasting a share price of $101.93, a staggering 177% increase since 2010.

Nike’s success has helped lift shares of retailer Foot Locker, who also rallied to a record high close this afternoon on Wall Street. Foot Looker is one of Nike’s trademark retailers.

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