NIKE Shareholder Cuts Stake Amidst Mixed Sentiment

Corient Private Wealth LP has decreased its stake in NIKE, Inc. (NYSE:NKE) by 18.1% over the past quarter, according to its most recent Form 13F filing with the SEC.

The fund now owns 439,681 shares of NIKE's stock after selling 96,960 shares during the period, which is worth $18,051,000 at the end of the most recent quarter.

This move comes amidst mixed sentiment from investors and analysts. Some insiders have purchased NIKE shares, while others believe extremely negative sentiment could create upside if the company delivers better-than-expected results or restores growth.