JUST IN: Woke Nike to Be Removed From S&P 100 After Hitting 12-Year Low Stock Price
Nike is set to be removed from the S&P 100, a subset of the S&P 500 that tracks 100 major blue-chip companies across multiple industry groups, later this month. This comes after the company lost nearly 80% of its value since 2021. The post JUST IN: Woke Nike to Be Removed From S&P 100 After Hitting 12-Year Low Stock Price appeared first on The Gateway Pundit.
Nike is slated for removal from the S&P 100 due to a substantial loss in market value since 2021, with its stock reaching a 12-year low. This financial downturn coincides with the closure of several stores and layoffs, signaling a broader shift in the company’s global operations. The company’s sales slump is evident in negative growth across footwear and equipment, with declines in revenue from Nike Direct and Converse.
- Nike is being removed from the S&P 100 on September 21, 2026.
- The company has lost nearly 80% of its value since 2021, reaching a 12-year low stock price.
- Nike has closed 11 stores and laid off approximately 1,400 employees, primarily in technology.
- Sales have slumped, with negative growth in footwear and equipment, and decreased revenue from Nike stores, Converse, Nike Direct, and Nike Digital.
- The company attributes operational changes to optimizing its supply chain and modernizing technology for efficiency.
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