Stock Market Today, April 1: Nike Shares Plunge After Weak Guidance and Analyst Downgrades

Nike closed at $44.62, down 15.52% after the company issued weak fiscal Q3 guidance and several analysts downgraded the stock. Investors are focused on an extended turnaround timeline, soft demand in China, and slower margin recovery, driving significant intraday selling and heightened downside risk until clearer improvement is visible.

Analysis

Nike closed at $44.62, down 15.52% after the company issued weak fiscal Q3 guidance and several analysts downgraded the stock. Investors are focused on an extended turnaround timeline, soft demand in China, and slower margin recovery, driving significant intraday selling and heightened downside risk until clearer improvement is visible.