Posted on 09/07/2019 5:33:36 PM PDT by Windflier
Nike just lost about $3.75 billion in market cap after announcing free agent NFL quarterback Colin Kaepernick as the new face of its “Just Do It” ad campaign. It’s the 30th anniversary of the iconic TV and print spots.
At the time of this writing, the sneaker company’s intra-day market capitalization was $127.82 billion. On Friday, that number had been $131.57 billion.
Market capitalization is the market value of a publicly traded company’s outstanding shares.
Shares of NKE stock dropped about 4 percent on Tuesday morning, as #NikeBoycott has been trending on Twitter. The company’s valuation has since recovered a bit.
We chose a 5-day snapshot of NKE stock so viewers can see the fall comparing Labor Day Weekend’s “before” and “after”:
>>>Once upon a time, corporate executives had a fiduciary responsibility to their shareholders
Yes, and that emphasis led to much of our manufacturing base being moved to China and the encouragement of mass immigration to the US.
If it were only true . I’m not a Nike fan at all but Nike closed the week as of 9/6/19 at $88.69 up 4.96%. So I don’t know where the stats for this article came from
Nike move is deliberate with their anti-American or at least anti “The Man” push.
Nike sales are only about 1/2 US and the growth has come from overseas, Africa,Middle East, China and Europe. Their target audience is built around defiance, putting it to the man and the sales are driven by “people of color” not MAGA supporters.
Anyway Nike is not the best product out there and its interesting how the left lets them now get away with sweat shop labor in Asia.
Did you read that about the computer screens?
Don’t diss your customers. Like Michael Jordan wisely said, “Republicans buy shoes, too!”
Un-possible, we were told Nike crap was flying off the shelves after the dust up.
Then why is it down now?
“Then why is it down now?”
IT IS NOT DOWN.
No, what about the computer screens?
How is that working out for ya?
Nike stock rebounded and is less than a dollar off its YTD high. Target stock is up 40% over its year-ago price. Gillette is up 12% over its 6-months-ago price. Dick's stock is up a bit after announcing they were dropping assault weapons.
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