Nike stock plunges 78%, exits S&P 100

Daily Tribune 25 h Philippines

Nike stock has plunged 78% from its 2021 peak and is set to exit the S&P 100, underscoring years of underperformance amid rising competition, China challenges and direct-to-consumer missteps, even as the company remains in the S&P 500 and pushes new products and wholesale repairs to revive growth.

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