Nike Stocks Continue To Crater For The 5th Year In A Row

Source: Nike / NIkeNike might still be the most popular sneaker brand out in these streets in 2026, but that sure as heck isn’t reflected in its stock value as the swoosh brand continues to see stock prices plummet something horrible for the fifth consecutive year in a row. According to Complex, Nike shares dropped another 4% on Aug. 17, and hit its lowest since 2014 as each share was valued at $39. This comes after Nike hit its stock peak in 2021, which was traded at $177.51 at the time. While all kinds of things can be attributed to Nike’s rapid decline, including higher prices at a time when people are struggling to make ends meet thanks to Donald Trump’s disastrous economic moves and decisions, LeBron James feels that Nike should take it back to the roots of its popularity if it wants to ascend back to the mountaintop of the stock market. Per Complex:In a recent interview with Boardroom co-founder and CEO Rich Kleinman last month, top Nike endorser LeBron James was asked how the brand can reverse its ongoing struggles.“You gotta get back to being out in the inner city, having runners … When I was coming up, you had people that was literally out in the communities talking to the...