Nike Investor Trims Holdings Amid Broad Concerns

Ferguson Wellman Capital Management Inc., a significant investor in NIKE, Inc. (NYSE:NKE), has reduced its holdings in the company by selling 565,998 shares during the second quarter.

The firm's ownership in NIKE was valued at $1,629,000 as of its most recent SEC filing.

This reduction in holdings is part of a broader trend where institutional investors are reassessing their positions in NIKE due to concerns about soft consumer confidence and weaker traffic.