Nike, Opendoor, and McDonald's Stocks Hit New Lows Amid Company-Specific Issues

Nike and McDonald's shares plummeted to new lows last week amid company-specific issues and growing Wall Street concerns. Nike stock fell over 2% after French soccer superstar Kylian Mbappe switched to represent On Holding from Nike, citing a 'direct challenge' to the sportswear giant.

Opendoor Technologies Inc., an online real estate company, saw its shares decline to a fresh 52-week low of $2.52 as it struggles with a tight housing market and delayed turnaround plans. CEO Kaz Nejatian acknowledged the setbacks but expressed optimism about the company's progress.

Meanwhile, McDonald's Corp. stock slipped to an annual low of $247.65 due to slowing U.S. growth and increased competition in the fast-food industry. The company is reevaluating its value strategy after posting its slowest U.S. growth in over a year.