Nike Drops From US Top 100 Company Index
Nike’s share price fell from more than US$170 in 2021 to US$35.51, underscoring how brand recognition can fail as an investment signal.
8 Articles
8 Articles
Nike drops from US top 100 company index
Sports brand Nike has lost its place in the S&P 100, which tracks the top 100 companies in the United States, after 18 years, and some New Zealand commentators say it's a reminder to be careful about the investment advice to buy what you know.
POLITICS: Nike caused its own downfall — by breaking capitalism’s cardinal rule
On Monday, Wall Street makes it official: Nike has lost its blue-chip luster. That’s when the once-dominant athletic-wear behemoth drops out of the S&P 100 — the benchmark index of America’s large-cap companies — for the first time in 18 years. With Nike’s stock down nearly 80% from its 2021 high, it’s no wonder. People walk past a Nike store Wednesday, April 2, 2025, in New York City. REUTERS Revenue peaked two years ago at $51.36 billion, but …
It has been 18 years since the world's number one sport clothing was present in the S&P100 index. It pays for the collapse of its stock exchange price, which has lost 80% in five years.
Nike will be withdrawn from the SandP 100 before the 21st of September market opening, after almost 18 years within the index. The change is part of the quarterly review...
Coverage Details
Bias Distribution
- 83% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
