Nike to be removed from S&P 100, bidding farewell to the index after 18 years

BlockBeats News, September 9 - According to an announcement by S&P Dow Jones Indices, Nike (NKE) will be removed from the S&P 100 Index before the U.S. stock market opens on September 21, with this adjustment coinciding with the quarterly rebalancing. Nike has been a constituent of the S&P 100 since 2008, marking nearly 18 years.

It is worth noting that Nike's removal applies only to the S&P 100, and it will remain in the S&P 500 Index.

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