Nike to lose S&P 100 place as stock sinks to 12-year low: what’s ailing NKE?
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Nike retraces its path from a small start in the trunk to a multi-billion-dollar sports brand and an icon of the sports industry, before facing major pressures when its stock price fell nearly 50% in a year and was taken off the S&P 100 index amid an increasingly tech-digital-AI-focused investment world... Read the original news: Nike from boot to global sports brand before dropping S&P100
Sportswear giant Nike will be delisted from the S&P 100 on September 21st, after nearly 18 years. The company, whose market value has fallen to $57 billion, will remain in the S&P 500, and its shares will continue to be traded on the New York Stock Exchange.
Nike, a leading global sports company, was removed from the blue-chip index S&P (Standard & Poor's) 100, which symbolizes the United States, after 18 years.
Nike will be removed from the S&P 100 as of September 21, 2026, according to a decision announced by S&P Dow Jones Indices. However, the American group does not disappear from the S&P 500. This change comes in the context of the quarterly rebalancing of the American indices, intended to maintain their representativeness according to the market capitalization. [...] The Nike article comes out of the S&P 100: the sport giant pays the price for sev…
S&P Dow Jones Indices announced it will remove Nike from the S&P 100, a stock index comprised of approximately 100 leading large-cap companies in the United States. The change will take effect before the start of trading on September 21st local time. Nike had been a component of the S&P 100 for 18 years, since 2008. This content is distributed by FASHIONSNAP.
Nike to lose S&P 100 place as stock sinks to 12-year low: what’s ailing NKE?
Nike is set to lose its place in the S&P 100 after nearly 18 years, highlighting the extent of the sportswear giant’s decline as a prolonged growth slowdown and intensifying competition weigh on its market value. S&P Dow Jones Indices will remove Nike from the index effective September 21 as part of its quarterly rebalancing. Honeywell Aerospace, Simon Property Group and Colgate-Palmolive will also be removed. Dell Technologies, Palo Alto Networ…
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