Nike shares hit their lowest level since 2015 after dropping nearly $20 year-to-date on weak guidance and market pressures.
Nike (NKE) stock has fallen to $42.3 from around $62 at the start of the year, erasing nearly $20 in value and reaching a 12-year low. The decline reflects broader market concerns over the company’s performance and outlook.
The drop marks the lowest price point for NKE since 2015, according to chart tracking data. Investors have reacted to signs of weakening demand and guidance, amplifying the stock’s downward trajectory.
The sell-off underscores growing skepticism about Nike’s ability to navigate current macroeconomic challenges and maintain growth momentum.