Nike stock has worst day on record, wiping out $28 billion in value

Oregon Live ^ | 06/28/2024 | BRAKKTON BOOKER, JESSICA PIPER and ISABELLA RAMÍREZ

[Diana in Wisconsin]

[bigdaddy45]

I can’t remember ever buying any Nike gear, but I bought the stock on Friday after the drop. I’ve seen this play out before... company announced poor earnings, and the market overcorrects. I could be wrong, but Nike is still a great brand, and I think i can make some quick $$.

[cgbg]

It is a dog with fleas—pump and dump.

:-)

[MTBobcat]

Pushing America Last athletes Colin Kaepernick and Megan Rapinoe as faces of the company was a terrible decision.

[Fido969]

China tariffs coming up!

[yldstrk]

I will never buy Nike after it hired Michael Vick and compounded the problem by having the mug of Colin Kapernick on that building.

[Dacula]

I work for an AAA affiliate of MLB. I get offered free gifts from this company and ALWAYS reject them. I told the team that I do not endorse the Chinese Checkmark company.

I usually get mixed responses. Like - Why does someone not want free stuff?

I refuse to obey.

[logi_cal869]

NB are now my only choice, though the last pair I had fell apart in a year.

[roving]

I don’t know why people want to spend so much money on a tennis shoe with a check mark on it.

[af_vet_1981]

Nike may join Disney as another formerly great American company being run into the ground.

They chose poorly.

[lasereye]

I had forgotten about that. That and having a senile President are two of the weirdest things in the last 30 years.

[Mouton]

If been using NB for years. Agree with you.

[RetiredTexasVet]

Queer shoes just don’t sell well.

[whistleduck]

For several decades I attempted to explain to my kids that buying brand name hype was just pasting a Sucker billboard on their backs.

[Mastador1]

Couldn’t have happened to more deserving slave master, to bad that it took down shareholders too.

[Bullish]

I hope Nike just dies.

[KC_Conspirator]

If pressed, I will always buy alternative sports wear rather than Nike.

[GrandJediMasterYoda]

Remember this fraud? Mr. Human rights doing an ad for a company that uses Chinese slave labor

[31R1O]

Hokas are great and I haven’t had an issue with stitching failing before the treads wear out unlike nike.

[Aria]

I worked there for 15 years. I all by myself saved them 1 million on a Texas tax audit. They did not care....at all. And after that neither did I.