Nike Shares jump as Ackman’s return sparks turnaround hopes: Know More Here
Investors anticipated that the return of billionaire William Ackman as a stakeholder would lead to a turnaround at the sportswear behemoth, which has been struggling with strategic errors and fierce competition. As a result, Nike shares increased by almost 4% on Thursday. According to a filing on Wednesday, Ackman’s hedge fund Pershing Square Capital Management … Read more
