Nike Shares Slide to Near 52‑Week Low as S&P 100 Exit Looms

Removal from the S&P 100 could cut passive buying and signal growing investor doubt about Nike’s turnaround plans.

Overview

Nike shares opened near $36.81 on Friday and are trading just above their 52‑week low after a steep drop since March that erased billions in market value.
S&P Dow Jones will remove Nike from the S&P 100 effective Sept. 21, a change that may reduce index‑linked demand for the stock.
Institutional selling accelerated in Q2, with Baird cutting its stake by about 46.7% and other firms trimming positions, which added downward pressure on the share price.
Nike posted a small beat on fiscal fourth‑quarter EPS of $0.20 versus $0.11 expected while revenue fell roughly 1% year‑over‑year and the company declared a $0.41 quarterly dividend.
Wall Street has trimmed price targets to an average near $50 and insiders have used prearranged 10b5‑1 plans to sell shares, reinforcing investor skepticism about recovery in Greater China and digital channels.