Nike Stock Hits 52-Week Lows – Is The Sneaker King Losing Its Step?

1. Nike's stock is down 30.16% year-to-date, signaling a bearish trend. 2. Technical indicators show Nike below key moving averages, worsening the outlook. 3. Weak sales and oversupply issues are squeezing profit margins significantly. 4. RSI suggests potential for a minor bounce but overall bearish sentiment prevails. 5. Investors are advised to wait for clearer buying signals before acting.