Is Now the Time to Buy This S&P 500 Stock That's Down 66% and Hold for 20 Years?
As of May 23, one well-known consumer discretionary stock is trading a gut-wrenching 66% below its all-time record, established in November 2021. The business whose shares have fallen off a cliff is none other than Nike (NYSE: NKE). The previous management team, led by then-CEO John Donahoe, was all in on going digital and direct-to-consumer.