Nike to Be Removed from the S&P 100 Index After 18 Years

iconChainthink
Share
AI summary iconSummary
Nike (NKE) will be removed from the S&P 100 index ahead of the U.S. market open on September 21, following its quarterly rebalancing. The brand has been part of the index since 2008 but will remain in the S&P 500. On September 8, Nike closed at $38.10, down 0.78% for the day, with shares falling more than 50% from their 52-week high. Investors are monitoring the Fear & Greed Index for signs of shifting market sentiment. Meanwhile, altcoins to watch are gaining attention as traders adjust their portfolios.

ChainThink reports that, on September 9, S&P Dow Jones Indices announced that Nike (NKE) will be removed from the S&P 100 Index prior to the open of U.S. markets on September 21, as part of the quarterly rebalancing.

Nike has been in the S&P 100 since 2008, nearly 18 years; it is being removed from the S&P 100 only and will remain in the S&P 500.

According to market data, as of the close on September 8, Nike's stock price stood at $38.10, down 0.78% for the day; it has fallen more than 50% from its 52-week high of $76.97.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.