Nike Shares Fall 4.3% to Lowest Level Since September 2014

PFE -1.40% ONON +3.34%

1. 1Nike (NKE) shares dropped 4.3% on Monday to their lowest level since September 2014
2. 2Over $200 billion in market cap erased and shares down 78% from their 2021 peak, pressured by sluggish direct sales and rating downgrades
3. 3UBS reports Nike secondary-market sales fell 2.9% YoY and Jordan 2.8% YoY in July... has yet to confirm a growth trough

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