NKE closing at $38.40 after a ~40% drop in 2026 isn't a dip, it's a full repricing. Market cap sliding from roughly $264B down to $56.97B tells you sentiment broke long before the chart did. Worst stock in the Dow is a title nobody wants — recovery talk needs real catalysts, not just an oversold bounce.
Nike's Not Just Down, It's Dow's Worst Trade of 2026

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