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● TRACKER Updated 6d ago · 10 sources tracked

Nike falls out of S&P 100 as shares tumble 39% this year

Nike will be removed from the S&P 100 index on September 21 following a severe decline in share value. The company's stock has tumbled 39% this year, resulting in a 200 billion dollar market-cap wipeout. This exit ends an 18-year tenure in the index as Nike attempts to execute a turnaround strategy. Current stock performance has placed the company near a 52-week low and a 12-year low, though some analysts suggest the stock remains expensive despite a yield over 4%.

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  • ✓ Nike will be removed from the S&P 100 on September 21.
  • ✓ Nike shares have dropped 39% this year.
  • ✓ The company is exiting the S&P 100 after 18 years.
🛡️ Source Corroboration: 10 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Nike is officially scheduled to exit the S&P 100 on September 21.

Live updates

  1. Nike removed from S&P 100 after 18 years

    Nike will be removed from the S&P 100 index on September 21 following a severe decline in share value. The company's stock has tumbled 39% this year, resulting in a 200 billion dollar market-cap wipeout. This exit ends an 18-year tenure in the index as Nike attempts to execute a turnaround strategy. Current stock performance has placed the company near a 52-week low and a 12-year low, though some analysts suggest the stock remains expensive despite a yield over 4%.

    Why it matters

    The S&P 100 tracks the largest companies in the S&P 500, making membership a benchmark for market dominance. Nike's removal signals a loss of relative market power and investor confidence. The company is currently relying on Elliott Hill to lead a turnaround effort to reverse these losses.

    What is confirmed

    • Nike will be removed from the S&P 100 on September 21.
    • Nike shares have dropped 39% this year.
    • The company is exiting the S&P 100 after 18 years.

    Still unconfirmed

    • Nike has experienced a 200 billion dollar market-cap wipeout.
    • Nike stock is at a 12-year low with a yield exceeding 4%.
    • Nike is near a 52-week low.

    What to watch next

    • Performance of Elliott Hill's turnaround strategy
    • Potential activist investor intervention
    • Stock price movement following the September 21 index removal
    Sources used for this update (10)
    1. SGB Media Online — Nike To Be Kicked off the S&P 100 on September 21
    2. OregonLive.com — S&P 100 index to remove Nike’s stock as turnaround work continues
    3. KGW — Nike falls out of S&P 100 as shares tumble 39% this year
    4. Yahoo Finance — NIKE Near 52-Week Low: Should Investors Buy or Stay Cautious?
    5. Seeking Alpha — Nike: 12-Year Low, 4%+ Yield, But The Stock Still Isn't Cheap (NYSE:NKE)
    6. Fortune — Nike exits the S&P 100 after 18 years and a $200 billion market-cap wipeout
    7. finance.yahoo.com — Nike Is In Free Fall: This Wall Street Ratings Agency Says It’s Doubling Soon
    8. The Business Journals — Nike removed from S&P 100
    9. Forbes — Nike Stock Is Ripe For An Activist But There’s One Big Problem
    10. WWD — Nike’s Elliott Hill Aims to Squash Scepticism Over Turnaround Strategy
    confidence 90%
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