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NIKE Loses Ground with Major Investor Selling Stake

Guavy AI Editorial Team
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NKE
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Stoneridge Investment Partners LLC reduced its stake in NIKE, Inc. (NYSE:NKE) by selling 25,607 shares in the second quarter, according to a recent filing with the Securities & Exchange Commission.

The institutional investor owned 53,227 shares of the footwear maker's stock after the sale and comprised 1.4% of Stoneridge Investment Partners LLC's portfolio, making NIKE its 13th largest holding.

NIKE's stock has a current market cap of $60.42 billion and a debt-to-equity ratio of 0.40.

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