[Yahoo] A Wall Street that's mostly bullish on Nike (NKE) continues to be proven dead wrong about the athletic-wear giant's stock price.
Nike stock collapsed to its lowest level since September 2024 on Monday, dropping more than 4% to below $40, per Yahoo Finance a. The stock has crashed about 78% from its all-time high in 2021.
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| Nike actually did pretty well after going woke after partnering with Colin Kaepernick in 2016 going from about $40/share to about $150/share by 2022. Then Nike started partnering with 'body positives' and 'trans'. It is now back to about $40/share. Still with positive income but diminishing sales. |
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