Why Did NKE, PEP, FRMI Stocks Dip To 52-Week Lows Last Week?

Shares of Nike Inc. (NKE), PepsiCo. Inc. (PEP), and Fermi LLC (FRMI) slumped to annual lows last week amid Wall Street caution and macroeconomic headwinds that weighed on the company’s shares.NKE stock fell 0.67% at close on Friday after Bank of America downgraded the stock from ‘Neutral’ to ‘Under…