Nike Exits S&P 100 After 18 Years
Sportswear giant Nike will be expelled from the S&P 100 after almost 18 years in the index.
Sportswear giant Nike will be expelled from the S&P 100 after almost 18 years in the index.
Article outline
- What happened
- What comes next
- The bottom line
Key points
- Nike shares closed at $38.40 on September 4, 2026.
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- Stocks like Dell Technologies and SanDisk will join the S&P 100 in the latest reshuffle.
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- The firm will remain in the S&P 500 classification.
As part of its quarterly index changes, S&P Dow Jones Indices will remove Nike from the S&P 100 effective before the market opens on September 21, 2026. The firm will remain in the S&P 500 classification. PC Hotels Could Be Split Between Thatta Cement and Fauji Foundation.
Nike shares closed at $38.40 on September 4, 2026. The stock has fallen roughly 78 percent from its record closing cost of $177.51 reached in November 2021. The decline has wiped out roughly $230 billion in Nike's market value from its peak.
While its stock has struggled to regain investor confidence, the firm has faced slowing sales, intense competition and challenges in key markets.
Meanwhile, stocks like Dell Technologies and SanDisk will join the S&P 100 in the latest reshuffle. Stay Connected with ProPakistani.
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Taken together, the developments around nike Exits S& P 100 After 18 Years point to a situation that is still moving, and the coming days should bring more clarity.
