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Nike to exit S&P 100 after 78% stock decline
Nike will be removed from the S&P 100 index on September 21, 2026, ending an 18-year tenure in the blue-chip benchmark. The decision follows a massive decline in the company's market value, which has dropped by approximately $220 billion from its November 2021 peak. Nike's stock recently closed at $38.40, a level not seen in 12 years, representing a roughly 78% crash from its historical high.
Several factors contributed to the decline, including intense competition from emerging brands like Hoka and On, and a loss of market share in China, where revenue has fallen for eight consecutive quarters. Analysts also pointed to a failed direct-to-consumer (DTC) strategy that strained relationships with traditional wholesale partners and a perceived lack of product innovation.
Nike will remain a constituent of the broader S&P 500. It will be replaced in the S&P 100 by four technology-focused companies: Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk. Other departing companies include Honeywell Aerospace, Simon Property Group, and Colgate-Palmolive.
Entities
Arista Networks · Dell Technologies · Nike · Palo Alto Networks · S&P 100 · S&P Dow Jones Indices
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 14 SOURCES] Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk will replace Nike and others in the S&P 100. www.tfmedia.co.kr · yakkun-fashion.jp · bitcoinethereumnews.com · forexclub.pl · www.gazetepencere.com · +9 more
- [● 2 SOURCES] Nike's revenue in Greater China has declined for eight consecutive quarters. www.tfmedia.co.kr · www.stheadline.com
- [● 14 SOURCES] Nike will be removed from the S&P 100 index effective September 21, 2026. www.tfmedia.co.kr · yakkun-fashion.jp · bitcoinethereumnews.com · forexclub.pl · www.gazetepencere.com · +9 more
- [● 9 SOURCES] Nike's market capitalization fell to approximately $57 billion. www.tfmedia.co.kr · bitcoinethereumnews.com · forexclub.pl · www.gazetepencere.com · trendingpoliticsnews.com · +4 more
- [● 14 SOURCES] S&P Dow Jones Indices announced Nike will be removed from the S&P 100 index. www.tfmedia.co.kr · yakkun-fashion.jp · bitcoinethereumnews.com · forexclub.pl · www.gazetepencere.com · +9 more
- [● 9 SOURCES] Nike's stock price fell approximately 78% from its November 2021 peak. www.tfmedia.co.kr · yakkun-fashion.jp · bitcoinethereumnews.com · forexclub.pl · trendingpoliticsnews.com · +4 more
- [● 13 SOURCES] Nike will remain in the S&P 500 index. yakkun-fashion.jp · bitcoinethereumnews.com · forexclub.pl · www.gazetepencere.com · trendingpoliticsnews.com · +8 more
- [● 5 SOURCES] Nike's direct-to-consumer strategy negatively impacted relationships with wholesale partners. yakkun-fashion.jp · www.gazetepencere.com · www.borsaningundemi.com · www.lifezette.com · www.stheadline.com