Nike stock up since latest Kaepernick controversy
https://profootballtalk.nbcsports.co...k-controversy/
Controversy sells. It also boosts stock price.
Last September, Nike aligned with Colin Kaepernick. The naysayers predicted a cratering of the company’s stock price. And instead it went up.
Earlier this week, Kaepernick persuaded Nike to not proceed with a shoe that would have included the Betsy Ross flag, a symbol that is regarded by some as too strong of a link to America’s history of slavery. The naysayers once again predicted a cratering of the company’s stock prices. And, once again, it went up.
As noted by TMZ.com, Nike’s stock closed Friday at $86.62, a two-percent increase since Tuesday. The bump in stock price added $3 billion in value to the company.