Nike Shares Plunge to Lowest Level in Over a Decade

Deep News
6 hours ago

On July 24, 2026, in Austin, Texas, a customer browsed Nike footwear and apparel at a Nike factory outlet store.

Shares of sportswear giant Nike (stock code: NKE) fell to a 12-year low during Wednesday's midday trading session. The stock dropped more than 2% following a downgrade from Truist Securities, with the current price level last seen back in August 2014. So far in 2026, Nike shares have accumulated a decline of nearly 40%.

Truist Securities believes that Dick's Sporting Goods lowering its full-year 2026 earnings guidance serves as a bearish signal for Nike. Nike brand products account for approximately 35% to 40% of the merchandise purchased by Dick's Sporting Goods.

Currently, Nike is undergoing a transformation under the leadership of CEO Elliott Hill, but the recovery process is taking longer than analysts initially anticipated. Compared to the all-time high reached at the end of 2021, Nike shares have now fallen by more than 75%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10