Nike stock hits 13-year low amid declining revenue and profit
NKE Nike Inc
$33.96 +0.27%
View chart & analysis → - 1Nike shares fell approximately 5% last week, reaching a 13-year low in October 2026.
- 2Nike revenue recorded $11.2 billion, a 4% decrease.
- 3Nike announced additional workforce reductions.
So what's the key point?
Nike's stock price dropped to its lowest level in 13 years as sales decreased. The company decided to reduce its workforce further.
Source TIKR · View original ↗
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