# S&P 100 index to remove Nike’s stock as turnaround work continues

> **Open Intelligence Dossier** · First detected: 2026-09-08 18:07 UTC · Category: Business

## Executive Summary
Nike faces a significant blow to its market standing as it is removed from the S&P 100 index amidst ongoing turnaround efforts.

## Intelligence Brief
The S&P 100 index has removed Nike's stock from its rankings, a move that coincided with a plummet in the company's stock price. According to reporting from Retail Dive, Nike was not the only entity affected by these changes, as Simon Property Group was also dropped from the S&P 100. This removal has resulted in the loss of billions in market capitalization for the athletic wear giant. These events occur while the company continues to work on a broader turnaround effort to stabilize its financial position and regain market momentum. Coverage from Fortune emphasizes the scale of the financial impact, specifically noting the plummeting stock and the loss of billions in market cap. Meanwhile, The Business Journals focused directly on the fact of the removal from the index.


Further analysis from forbes.com suggests that Nike's current situation makes the stock ripe for an activist investor, although the outlet notes there is one significant problem accompanying that possibility. The reporting across these various business outlets highlights a period of volatility for the company's valuation. Context for this development is provided by oregonlive.com, which reports on the internal sentiment at Nike. The company's CEO has expressed a sense of growing confidence in the current turnaround efforts. This statement comes despite the reality that Nike's stock continues to falter. The tension between the executive leadership's optimism and the actual market performance underscores the difficulty of the recovery process the company is currently navigating in the retail and sportswear sector.


Looking ahead, observers are tracking the effectiveness of the turnaround work mentioned by the CEO. Market participants will be monitoring whether the stock continues to falter or if the confidence expressed by leadership translates into a recovery of market capitalization. Additionally, the potential for activist involvement mentioned by Forbes remains a point of interest. The immediate focus remains on the aftermath of the S&P 100 removal and how the company manages its valuation following the loss of its position in the index.

## Multi-Source Evidence Table
| Source Outlet | Headline | Verification URL |
|---|---|---|
| oregonlive.com | Nike CEO expresses ‘growing confidence’ in turnaround effort as stock continues to falter | [Source Link](https://news.google.com/rss/articles/CBMi0gFBVV95cUxPMmxudnJVVG1CdEwwR0NWZ0NFSnJoTGFNeEVzT1ZYLVNwOGl0NUJzLVFQN3BDYXA4eUlsZWl5MDM2MlFRWVYyZ2ZzZUE0djhnMmJPdG84ak5QN09QbXJMWmdndms3MlFZSmZrVzJtMWV3TUxyajBEZVZic3lxQTFoS09rVGVGS2wwRE9Sc0NfNFR3enVkdVl1Z3hJbDhLT1RpbFRIRnpWdFl4Y3l4bk9TUXJZN0Vzbkl2b2kyRlBNTmRIR3pXa2lGeVVramFLYm5EZXfSAeYBQVVfeXFMUG5jMmFrUWRldVRwOTk2VXQ5RUJTM2xMMzdkQUR6WTIxaGJKTXlvVWNXeDdpbDBiLU9vbVlYTHJheWJXelZkTGdJdDYtS2ZBRkJxeXhpSVAydkd4YzRKbjRhVGdyQzVKUnhrTnUtdVlmYzBiWHhnZWFNdzRFZnNKMTN) |
| The Business Journals | Nike removed from S&P 100 | [Source Link](https://news.google.com/rss/articles/CBMiekFVX3lxTE5ER2hmNTRXdGliWENJc0ktYmpTWWhCUmxRZmxubERnc3VLanhoUC1JTWhGbDR4bkNONHJIcWlkYUtoN2ViVG5vSUgtX2RDTGR4NF9lR2oyNnlCMUV6Zy1IUG9aYnFoel9xTjVpS2hlUU9KOWc2eWtlYUpn?oc=5) |
| Fortune | Nike stock plummets as its removed from S&P100 with billions in market cap loss | [Source Link](https://news.google.com/rss/articles/CBMif0FVX3lxTFA4VFhmMjhXT09sMjFCR0pySVdvc1poSWRqWTAtMUk0dXNIVzFMbHI4NEJVMWlLZFczM3V0bVA0YXE1RWZTa29CVGE1dmdzV3NNdkIzQTQ0MngxZDgzekhwNlBEOEZ2MjM3Q2FZQnoxcm1pSzZ5T2xvS05oWEc2MVU?oc=5) |
| forbes.com | Nike Stock Is Ripe For An Activist But There’s One Big Problem | [Source Link](https://news.google.com/rss/articles/CBMisAFBVV95cUxPcFhJaVBPRGsxZ2paVTFqZ05LM21jVHFObUdtTTNGNXBPVlZrOUg2TkF4b1BzNmhVNkU0S3hFak1pYjNTTDRpdXNPaHRvSU9DWHVGaDU4dlFHRDFZX0ZHeXU4cXhHbjhfeWdHc1lxanduRHdwYTdwYjBvRHZUS3Y1X2dSY0dOQndZaVEyNGNrWVlDWGwyUWpKVnp2Y0dKOEVCNkNSQ3V3V3prbFFnVnhYMA?oc=5) |
| Retail Dive | Nike, Simon Property Group dropped from S&P 100 | [Source Link](https://news.google.com/rss/articles/CBMihwFBVV95cUxQZkpNZ0o5QlppVXoyQWYwcWtuYnJ0bm9ZY2dLVWhVN1ZiUHNaaDFmT2pFejgyMG5IRXRNVGJ0OGNiLUZnTXliYml2cjVwcS1oV09ucnZ1dFBycUJFUG5IcWtCNjNzUVJiUXNwWHotancxUWRla09KTUt3Z2ViV3V6UmpRSDRnaHc?oc=5) |

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*Canonical Source: https://pulse.byoviral.com/trend/2026-09-08/s-p-100-index-to-remove-nike-s-stock-as-turnaround-work-continues*