Nike shares tumbled after the company's outlook missed expectations.

Nike stock sinks after company projects larger sales decline than expected in 2025 - Yahoo Finance Nike's earnings report comes as the stock has slump #science#news

Nike’s Stock Sees Biggest Drop Ever Amid Analysts’ Questions on Company Leadership Following Downbeat Forecast In 2024, Nike Inc. faced unprecedented challenges and scrutiny from Wall Street analysts following its disappointing performance and pessimistic outlook. The company's shares plummeted by a record-breaking 20% in a single trading session, triggered by multiple downgrades from prominent firms such as Stifel, Morgan Stanley, and UBS. Analysts expressed deep…

Nike stock plunges on surprise forecast of drop in sales Trending Global News It was the worst day ever for the stock, with $28.4 billion wiped from Nike's market valuation. Nike shares fell sharply as forecasts for a surprise drop in annual sales raised concerns among investors about the pace of the sports apparel giant's efforts to stem losses in market share to newer brands such as On and Hoka. It was the worst day ever for the stock, which fell 20 percent on…

Nike’s biggest drop in 23 years raises pressure on CEO Donahoe Nike shares sank after the sneaker company’s full-year outlook missed expectations, stoking investor concerns about waning demand and competition from upstarts. #press

Nike stock sinks 18.6% as gloomy sales forecast fans growth concerns British sportswear retailer JD Sports fell as much as 6.6% and Germany's Puma lost 3%, while Adidas edged lower after briefly rising nearly 2%. Photo: Reuters 3 min read Last Updated : Jun 28 2024 | 9:56 PM IS Nike shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market…