Few companies benefited from government largesse during the pandemic era more than Nike Inc. Stuck at home and with little else to spend their trillions of dollars in stimulus money on, consumers couldn’t get enough of what the athletic-gear maker was selling. In 2020, Air Jordan 1 Highs were going for a 61% premium in the resale market. Nike’s share price soared 40% in 2020 and as much as 25.5% in 2021, reaching a record high that November. Just four Wall Street analysts out of more than 30 that covered Nike at the time had recommended investors “hold” its shares, which is often interpreted as an encoded recommendation to sell.