Nike stock is down 69% due to declining sales and leadership changes.

From Yahoo Finance: 2025-04-10 10:07:00

The S&P 500 has been struggling due to uncertainty around tariff announcements, with some constituent companies experiencing significant declines. Nike, a long-time industry leader, has seen a drop in sales over the past year, contrary to competitors like Adidas and Puma who have shown growth. The company attributes these challenges to its former CEO, John Donahoe, and is now focusing on selling off old inventory and innovating new products under new leadership. While Nike’s stock is at a historically low price, potential investors should consider the uncertain macro environment and risks associated with the company’s current situation.



Read more at Yahoo Finance: Is Now the Time to Buy This S&P 500 Stock That’s Down 69% and Hold for 20 Years?