Nike Stock Reaches a 12-Year Low Following JPMorgan Downgrade
Nike's stock closed at $40.18 on Monday, marking its lowest price in over twelve years and representing an approximately 78% drop from the record high of $177.51 reached in November 2021. The decline was driven by a downgrade from JPMorgan to 'Underweight' from 'Neutral,' citing concerns that Nike's
Topics: JPMorgan downgrade leadership change market performance Nike Win Now strategy