'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.

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Source Fool.com