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🇰🇷 South Korea /Economy & Trade

Nike dropped from S&P 100 after 18 years as shares plunge 78%

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

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  • S&P Dow Jones Indices said Nike will be removed from the S&P 100 during a rebalancing on the 21st of the month.
  • Nike shares fell to $38.40, their lowest level in 12 years, down about 78% from their November 2021 peak.
  • The company lost about $220 billion in market value, while annual revenue remained near the previous year’s level.

Nike is leaving the S&P 100 after 18 years, pushed out of the index by a share-price collapse that has erased about $220 billion in market value.

S&P Dow Jones Indices said Nike would be excluded from the index in a rebalancing taking effect on the 21st of the month. The company manages major stock-market benchmarks, including the S&P 500 and the Dow Jones Industrial Average.

Nike’s shares closed at $38.40 on the 4th, their lowest level in 12 years. Compared with the record high of $177.51 reached in November 2021, the stock has fallen by about 78 percent.

Nike’s total revenue for fiscal 2026, running from June 1, 2025, to May 31, 2026, stood at $46.4 billion, roughly similar to the previous year. The supplied report ends while discussing the impact of currency movements.

About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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