Release of Retro Jordans Causes Chaos Around America (NKE)
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Price: $40.21 -2.05%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.1%
Revenue Growth %: -2.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.1%
Revenue Growth %: -2.9%
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Shares of Nike (NYSE: NKE) closed at session highs and near 52-week highs. Traders in the stock Friday are responding to the release of new Air Jordan's, which are causing mass chaos at malls around America.
Apparently, these limited edition shoes, are...well...limited edition. The shoes have already been put up for sale on eBay (Nasdaq: EBAY) for $1,000 (original retail price $180).
Reports are police had to pepper spray a crowd at a Seattle mall and arrests were made...along with arrests in Georgia and Michigan.
One AP report said shoppers described the scene as chaotic and at times dangerous.
CNBC reported gun shots rang out in one crowd...unfortunately, reminiscent of the original Jordan release back in the mid-90's, when people were mugged and even killed over the shoes.
Apparently, these limited edition shoes, are...well...limited edition. The shoes have already been put up for sale on eBay (Nasdaq: EBAY) for $1,000 (original retail price $180).
Reports are police had to pepper spray a crowd at a Seattle mall and arrests were made...along with arrests in Georgia and Michigan.
One AP report said shoppers described the scene as chaotic and at times dangerous.
CNBC reported gun shots rang out in one crowd...unfortunately, reminiscent of the original Jordan release back in the mid-90's, when people were mugged and even killed over the shoes.
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