Why Nike's Stock Crashed 60% in 4 Simple Charts
's (NYSE: NKE) stock hit an all-time high of $172.49 on Nov. 5, 2021. At the time, investors were impressed by its quick recovery from the pandemic, the ongoing expansion of its Nike Direct business, and its robust growth in China.
However, Nike shares now trade nearly 60% below that record high. Let's review that decline -- and what exactly happened -- in four simple charts.
Image source: Nike.
Source Fool.com
Nike Inc. B Stock
€66.84
1.340%
With 62 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 110 € shows a very positive potential of 64.57% compared to the current price of 66.84 € for Nike Inc. B.
