Trump supporters circulating a picture of their most admired person with Nike's slogan and logo on it because they're angry at Nike is just too perfect.pic.twitter.com/esGAXMSbf8
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Adidas and Reebok stock dropped a similar amount at the same time. Much more likely something industry-wide than something specific to Nike.
That looks pretty bad. We'll have to see what actual sales look like in the coming months.
I looked at other stocks...perhaps a ripple effect?
I don't think that makes sense. If Nike's declining, competitors should get a boost. Maybe something with inputs or tariffs--something that would affect all of them. Or maybe just the stock market being weird. Poorly understood automated trading algorithms, for example.
Maybe, just weird hitting on about the same day. I think it makes sense...Adidas SH says: "Crap, are they gonna rock a political boat like Nike? Lemme out."
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