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Nike Stock Hits 12-Year Low, on Pace for Worst Annual Performance Since 1993

Bloomberg +1 ·

NKE Nike Inc
$38.59 -2.25%
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  1. 1Nike (NKE) shares closed at $38.59 on Wednesday, marking their lowest level in 12 years
  2. 2The stock is heading for its worst year since 1993 — the year Michael Jordan first retired — with China sales falling for an eighth consecutive quarter
  3. 3The November 16-17 investor day and spring 2027 product launches are expected to determine whether the stock has bottomed

This 3-line summary is compiled from the report below.

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