Nike is set to be removed from the S&P 100, a subset of the S&P 500 that tracks 100 major blue-chip companies across multiple industry groups, later this month.
This comes after the company lost nearly 80% of its value since 2021.
As The Gateway Pundit reported last month, the woke brand’s stock price plunged to a 12-year low after spending the last decade championing left-wing social justice causes.
After a Decade Spewing Leftwing Nonsense, Nike Sees Its Stock Tank to 12-Year Low
As of Saturday, the company has a market cap of roughly $57 billion, losing more than $200 billion in value since its all-time high in November 2021.
The stock is down roughly 40% year-to-date, trading at $38.41.
Now, they’re set to be axed from the S&P 100 before the markets open on September 21, 2026, according to S&P Dow Jones Indices.
Nike also closed 11 stores in several states around the country, including one in San Francisco, in July alone as sales and market valuation slump.
More from the New York Post:
Federal Realty, which operates the center, told the Silicon Valley Business Journal that the departure was “not a decision specific to this market or property” — and part of a broader shift, as the company tries to find the way forward.
Ad block users: Some site features may not work correctly while an ad blocker is enabled, because they break scripts and content this website depends on. If you can’t see comments below, for example, please disable your ad blocker.
Read the full article here