Penobscot Investment Management Company Inc. lowered its stake in NIKE, Inc. (NYSE:NKE – Free Report) by 15.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 44,328 shares of the footwear maker’s stock after selling 8,155 shares during the period. Penobscot Investment Management Company Inc.’s holdings in NIKE were worth $4,813,000 at the […]