Nike Stock Price Reaches All-Time High After Colin Kaepernick Ad

 

Nike took a gamble and it is paying off. Stock prices on Friday closed at $83.49 a share.

Online sales of Nike gear are up 33% between September 2nd and September 4th. This doubles their sales a year ago for the same time period.

So how did Nike weather the "storm"? 

Their core customer base stood by them, Millennial and Generation Z men.

Nike ranks 10th among U.S. companies for brand relevance.

Looks like they knew what they were doing when they linked with Kaepernick...

 
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