Nike Stock Slides 22.52% in Trading Volume, Ranks 87th in Market Activity

On April 28, 2025, Nike (NKE) experienced a significant decline, with its trading volume dropping by 22.52% to 7.63 billion, ranking 87th in the day's market activity. The stock price fell by 0.54%, marking the second consecutive day of decline, with a total decrease of 2.00% over the past two days.

Citi has reduced its price target for Nike from $72 to $57, maintaining a Neutral rating on the shares. This adjustment comes as the firm updates its estimates and price targets, reflecting the current market conditions and economic uncertainties.

Despite the challenges, Nike remains committed to driving growth and navigating through the current economic landscape. The company's recent second-quarter fiscal 2025 results have been disappointing, indicating ongoing difficulties in the market.