Nike Shares Plummet to Low Not Seen Since 2015

Nike Shares Plummet to Low Not Seen Since 2015

Does the company have time to regain its wings?

Nike Falls Near 12-Year Low As Turnaround Pressure Builds

Nike Stock Trades Near 2014 Levels Nike shares are trading near their weakest level in almost 12 years as investors continue to price in slower growth, margin pressure, and a longer turnaround under CEO Elliott Hill. NKE was recently trading around $42.28, with an intraday low of $41.70 and market value near $62.6 billion. Reuters recently noted that Nike closed at $43.09 on May 4, its lowest close since 2014, as short interest climbed and inves…