Nike stock declines 20%, biggest fall in 13 years; What led to the plunge?
Shares of Nike Inc. lost $27 billion in market value, falling the most in 13 years due to growing criticism of a continued sales slowdown. The shares plunged 20 per cent on Friday’s trading session at 11:57 a.m. This was Nike’s biggest fall since 2001. The shoemaker’s stock has declined 17 per cent over the … Read more