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● TRACKER Updated 8d ago · 6 sources tracked

Nike just got kicked out of an elite club

The S&P 100 index is removing Nike stock as the company attempts a business turnaround. This exit follows a severe decline in valuation, with Nike stock falling 78% and hitting a 12-year low. The removal from this elite group of large-cap companies signals a significant loss of market standing for the sportswear giant. Investors are now weighing whether the current price floor represents a buying opportunity or a sign of further decline.

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  • ✓ The S&P 100 index is removing Nike stock.
🛡️ Source Corroboration: 6 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Nike is being removed from the S&P 100 index.

Live updates

  1. Nike Removed from S&P 100 Index Following Stock Collapse

    The S&P 100 index is removing Nike stock as the company attempts a business turnaround. This exit follows a severe decline in valuation, with Nike stock falling 78% and hitting a 12-year low. The removal from this elite group of large-cap companies signals a significant loss of market standing for the sportswear giant. Investors are now weighing whether the current price floor represents a buying opportunity or a sign of further decline.

    Why it matters

    The S&P 100 tracks the largest companies in the U.S. equity market. Removal from this index can affect institutional investment and stock liquidity. Nike is currently undergoing turnaround efforts to stabilize its market position.

    What is confirmed

    • The S&P 100 index is removing Nike stock.
    • Nike stock fell 78%.

    Still unconfirmed

    • Nike stock is at a 12-year low.
    • The S&P 100 exit may mark capitulation.

    What to watch next

    • Results of Nike turnaround initiatives
    • Further stock price volatility following the index exit
    Sources used for this update (6)
    1. Forbes — Nike Stock Fell 78% And S&P 100 Exit May Mark Capitulation
    2. Seeking Alpha — Nike: Just Not Doing It (NKE)
    3. Yahoo Finance — Should You Avoid Nike Stock, Even at a 12-Year Low?
    4. thestreet.com — Nike just got kicked out of an elite club
    5. OregonLive.com — S&P 100 index to remove Nike’s stock as turnaround work continues
    6. www.nytimes.com — Getting fired is old news for Lane Kiffin. Getting expelled from the SEC would be a first
    confidence 90%
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