Nike Exits the S&P 100 After 18 Years and a $200 Billion Market-Cap Wipeout
Macro·2 articles across 2 outlets
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The sportswear giant will be replaced by a tech company on Sept. 21, capping a five-year, nearly 80% stock slide driven by China weakness.
Nike’s S&P 100 exit underscores how dramatically the footwear giant’s fortunes have shifted in recent years.
Nike
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“The sportswear giant will be replaced by a tech company on Sept. 21, capping a five-year, nearly 80% stock slide driven by China weakness.”
Fortune — Nike exits the S&P 100 after 18 years and a $200 billion market-cap wipeout“Nike’s S&P 100 exit underscores how dramatically the footwear giant’s fortunes have shifted in recent years.”
inc. — After 18 Years, Nike Is Leaving the S&P 100. Now Its Turnaround Faces a Bigger Test