Nike dropped from S&P 100 index following massive stock slump
After being part of the S&P 100 for 18 years, Nike is set to be removed from the index on September 21. This decision follows a sharp decline in Nike's share price, which has plummeted nearly 80% from its all-time peak over the last five years. The stock is currently trading between $38 and $40, marking a price point the company has not hit in over a decade. Throughout this downturn, Nike has seen its market value drop by more than $230 billion.
by shortkt.com✓