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Nike falls out of S&P 100 as shares tumble 39% this year
Nike exits the S&P 100 after 18 years following a 39% share price drop and a $200 billion market-cap wipeout.
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Nike exits the S&P 100 after 18 years following a 39% share price drop and a $200 billion market-cap wipeout.
Nike has been removed from the S&P 500 index, ending a tenure that spanned nearly 18 years for the 62-year-old retail giant.
Nike stock hits a 12-year low and faces removal from the S&P 100 after a massive seventy-eight percent fall.
Nike is set to exit the S&P 100 index on September 21, replaced by four technology stocks following a severe decline in share value.
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