Why Nike Stock Wilted on Wednesday

One analyst is no longer willing to run with Nike (NKE -1.91%), and the stock stumbled on Wednesday as a result. Numerous investors took the pundit's recommendation downgrade to heart and traded out of Nike; when the race was over, the shares had clocked a 2% decline in price. That wasn't impressive considering the S&P 500 index inched up on the day, albeit only marginally.No longer overweightBefore market open, Wells Fargo (WFC -0.10%) prognosticator Ike Boruchow knocked his Nike recommendation down to equ ...