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”:
There's a reason why the Bible proscribes it, namely because it's destructive, both personally and socially, and God wants people to be happy, healthy and thriving.
I know several people, including myself, who have avoided buying Nike shoes.
I miss the “old days” when whatever idiots who thought this was a good idea were publicly fired and their names were synonymous with failure.
Aldi is cheaper and their store brands are almost always better than brand names.
What does he even “DO” anymore?
FAKE DATA.
Yes, yes it is.
It really doesn’t matter. These companies can virtue signal, lose billions and still make a profit. There’s so many people in the world buying this crap. They have enough customers to make their gamble, they don’t mind pissing away a few billions, if it advances Marxism.
“Walmart has the cheapest groceries, doggone it”
Not where we live.
“This news makes me feel warm and fuzzie on the inside.”
NKE trades up and down talk the time. Within a week it was up 4!
Idiots.
“Once upon a time, corporate executives had a fiduciary responsibility to their shareholders. “
Up 13% plus dividends since then.
Philips/Norelco.
“Great Article, very informative, and good news! ;)”
LOL! Within a few days it was up 5 points.
“Aldi is cheaper and their store brands are almost always better than brand names.”
We once bought some Aldi store brands and threw them in the trash the were so bad. We do buy some fruits and veggies from them.
Wonderful.
Don’t forget that bull dyke soccer player too who hates America and wants to pull down Nike to her level.
And no longer true.
NKE
88.69 USD +0.27 (0.31%)
Closed: Sep 6, 5:11 PM EDT
After hours 88.51 −0.18 (0.20%)
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