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Nike Stake Boosted by OneDigital Investment Advisors Amid China Worries

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NKE
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OneDigital Investment Advisors LLC has significantly increased its stake in Nike Inc. (NKE) by 32.8% during the second quarter, according to a recent SEC filing.

The company owned 244,296 shares of Nike's stock after acquiring an additional 60,375 shares during the quarter, valuing its holdings at $10,028,000.

This move comes amidst a tumultuous period for Nike, with analysts cutting price targets and revenue projections due to concerns over the brand's ability to maintain its sales momentum in China.

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