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Nike shares surged by this much the last time Tiger Woods won the Masters

April 16, 2019


Nike is on the green.

Its shares rose to begin the week, putting it closer to all-time highs set last month, after one of its top sponsored athletes, Tiger Woods, won the Masters Tournament on Sunday. The last time Woods won that contest, in 2005, Nike shares rallied 6 percent within three months.

Boris Schlossberg, managing director of FX strategy at BK Asset Management, says another rally in Nike shares could be par for the course.

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