Nike Shares Remain Stable Despite Removal from S&P 100 Index
Nike Inc.'s shares remained stable after the company was removed from the S&P 100 index due to a significant decline in its stock price and market capitalization. The removal occurred following a 78% drop in Nike's share value, which no longer aligned with the criteria for inclusion in the elite subset of blue-chip firms within the broader S&P 500. Despite being excluded from the index, Nike shares closed at $36.10 on Tuesday — unchanged from Monday and higher than Friday’s close before removal. The stock has fallen sharply since February 2026 when it traded between $66 to $67 per share. Nike is set to report first-quarter earnings in October, which could influence its future performance. The company's struggles began during the pandemic with a misaligned strategy shift and product stagnation under former CEO John Donahoe. Current CEO Elliott Hill has focused on revitalizing key segments like Nike Running while addressing ongoing challenges in China and Europe.
Tickers: $NKE
Topics: earnings report market performance Nike S&P 100 removal