Nike (NKE) Stock Drops After Duke Basketball Star's Shoe Splits (bloomberg.com)

Zzzzzzzz

Shooting balls Kicking balls Throwing balls Hitting balls Passing balls

Too much ball coverage.

Why is everyone astonished when capitalism has incentivized the worst price:quality ratio?

nike stock dropped like 1%, this seems way oversensationalized

Is a 1.05% drop that big of a deal?

It was a down day for the entire market...joke of a headline

If you want to see real market movers check out Heinz ($KHC) down 20% and Stamps.com ($STMP) down 47%!

Shoes split like this all the time especially more so when used by incredibly powerful athletes like ZW. I would bet this isn’t the first time this has happened to him and that it wont weigh an ounce in his decision to sign with a shoemaker.

1% vs 0.6% for the market... clickbait-storm!

In the last year, which is 251 trading days, NKE has closed more than 1% away from its previous close 118 times.

So, in other words, NKE moves 1% or more 47% of the time.

No news here, except that it held up rather well given the negative publicity.

Calculations done in Excel based on the link below:

[0] - https://finance.yahoo.com/quote/NKE/history?period1=15192570...

Nike doesn't care about quality shoes or foot health, they care about brand popularity.