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Handelsbanken Boosts Stake in Nike Amid Revenue Decline

Guavy AI Editorial Team
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NKE
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Handelsbanken Fonder AB, an investment firm, recently increased its holdings in NIKE, Inc. (NYSE:NKE) by 23.1% during the second quarter.

The company's stake in NKE was worth $24,425,000 at the end of the most recent quarter after acquiring an additional 111,625 shares.

NIKE has been experiencing a decline in revenue, particularly in Greater China, where local competitors are taking market share and rival brands are reporting stronger regional growth.

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