plunges

Nike Stock Plunges 12% in One Day

Nike shares plunged 12% on Friday after the company reported declining sales and a plan to cut costs by $2 billion over the next three years. The company expects revenue to rise about 1% in the fiscal year ending May 31, below the mid-single digits previously expected. With shares down 12.9% in midday trading, MarketWatch … [Read more…]

Nokia plunges to three-year low after losing key AT&T contract to rival Ericsson

Nokia plunged to its lowest level in three years after it lost out to rival Ericsson in a major contract with telecommunications giant AT&T to roll out an open radio access network (Open RAN) in the US Stockholm-listed shares of Swedish company Ericsson rose significantly on Tuesday morning after the deal was completed. The companies … [Read more…]