On Monday, Nike's share price slipped more than 3% to reach $39.41, marking its lowest point in over a decade. Investors are feeling uneasy due to the company's sluggish recovery, soft demand in China, and questions regarding its dividend payouts. Currently, the stock has shed roughly 51% of its value compared to its 52-week high of $80.16. During 2026, Nike saw a 6% drop in direct sales, a 12% slide in digital revenue, and a sharp 31% decline in earnings from the Converse brand.
by shortkt.com✓