Stocks

Nike Dives to 12-Year Low as JPMorgan Predicts Stabilization, Not Recovery

Guavy AI Editorial Team Published August 19, 2026

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JPM NKE

Nike (NKE) hit a 12-year low on August 17, 2026, closing at $39.09 after falling 4.03% with no Nike-specific news.

This marks a 78% collapse from its November 2021 all-time high of $177.51 and wipes out approximately $196 billion in shareholder wealth.

Analysts caution that the modest two-percent bounce on August 19 to around $40.05 does nothing to address the structural questions behind the decline.

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