Nike is being removed from the S&P 100 index
Global sportswear giant Nike is being removed from the S&P 100 index, where it has been for about 18 years, due to sharp drops in its shares and financial loss of value.
US sportswear giant Nike will be removed from the S&P 100 index, where it has been for about 18 years, following an announcement by S&P Dow Jones Indices. The decision, which will take effect on September 21, 2026, was made as a result of major declines in the company's financial performance.
Decision to Remove from the S&P 100 Index
US-based sportswear manufacturer Nike faced the process of being removed from the S&P 100 index, where it had been continuously for about 18 years, by decision of S&P Dow Jones Indices. This move was recorded as one of the turning points in terms of the company's recent performance on the stock market.
Implementation Date and Stock Market Status
It was reported that the decision to remove Nike from the S&P 100 index will officially take effect on September 21, 2026. This decision does not mean that Nike will be completely removed from the New York Stock Exchange, and the company will continue to maintain its place in the S&P 500 index.
Stock Value and Market Figures
According to Yahoo data, Nike shares, which finished Friday at $38.40, dropped to their lowest level in the last 12 years. Along with these sharp declines, the company's total market value retreated to approximately $57 billion.