https://www.live-feeds.com/feed/ted-cruz-takes-victory-lap-as-iconic-american-brand-s-stock-plunges-to-12-year-lowContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/ted-cruz-takes-victory-lap-as-iconic-american-brand-s-stock-plunges-to-12-year-lowhttps://www.live-feeds.com/feed/ted-cruz-takes-victory-lap-as-iconic-american-brand-s-stock-plunges-to-12-year-low#u45717Fri, 21 Aug 2026 03:15:36 +0000Nike shares have fallen to a 12-year low, with some reports indicating a 78% crash from previous highs. The decline follows a share downgrade by JPMorgan. While Ted Cruz has publicly commented on the plunge, market reactions remain split. Some analysts view the collapse as a result of the brand becoming too woke, while one professional investor predicts 85% returns moving forward. The company now faces pressure to prove its competitive moat remains intact as the stock continues to decline.Why it mattersNike is an iconic American brand and a global leader in athletic footwear and apparel. A pro