Nike Stock Falls to Lowest Level Since September 2014
Nike shares have dropped to their lowest point since September 2014 and are now down 78% from their 2021 record high.
NKE
Nike shares have extended their decline, falling to the weakest level since September 2014. The stock is now down 78% from its all-time high reached in 2021.
The drop marks a major destruction in shareholder value. Since the record high, Nike has erased more than $200 billion in market capitalization.
The move puts NKE at multi-year lows as the stock remains under pressure.
Source: The Kobeissi Letter