Nike stock price rallied 4% after Trump’s post that he had a call with Vietnam’s To Lam. About 25% of Nike’s footwear is made in Vietnam. Nike is also one of the biggest holdings of Ackman’s portfolio. On 28/6/24, it reported sales that missed analyst estimates. The stock fell 20%, its biggest one-day drop since 1980. Nike’s stock price had tumbled 30% in 2024.
Source: The Street