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NIKE Stake Sliced as United Capital Cuts Holdings

Guavy AI Editorial Team
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NKE
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United Capital Financial Advisors LLC has reduced its stake in NIKE (NKE) by selling 72,873 shares in the second quarter. This represents a 66.9% decrease in their position.

The firm now owns 36,134 shares of NIKE's stock, valued at $1,483,000 at the end of the most recent reporting period.

NIKE's China business continues to face challenges, with domestic competitors gaining market share and the brand struggling to remain locally relevant. This weakness threatens a key source of long-term growth for the company.

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