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Shares of Nike Inc. (NKE), PepsiCo. Inc. (PEP), and Fermi LLC (FRMI) slumped to annual lows last week amid Wall Street caution and macroeconomic headwinds that weighed on the company’s shares.NKE stock fell 0.67% at close on Friday after Bank of America downgraded the stock from ‘Neutral’ to ‘Under…
Wall Street’s enthusiasm for Nike Inc. has reached the lowest in at least a quarter of a century as Bank of America Corp. became the latest to sour on the troubled sportswear firm.