Nike Inc. Cl B Stock Falls 14.4%, Outperforms Competitors

Dow Jones
Apr 04

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Nike Inc. Cl B tumbled 14.4% to $55.58 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 4.8% to 5,396.52 and Dow Jones Industrial Average falling 4.0% to 40,545.93.

The stock's fall snapped a three-day winning streak.

Nike Inc. Cl B closed 43.3% short of its 52-week high of $98.04, which the company achieved on June 24th.

Despite its losses, the stock outperformed some of its competitors, as VF Corp. fell 28.7% to $11.68, Under Armour Inc. Cl C fell 18.3% to $5.15, and Under Armour Inc. Cl A fell 18.79% to $5.36.

Trading volume totaled 71.2 million, compared to the 50-day average of 15.3 million.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

April 03, 2025 16:35 ET (20:35 GMT)

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