Nike shares hit their lowest level in 12 years

Nike shares fell over 3% on Monday to a 12-year low of $39.41, as concerns over its slow recovery, weak Chinese demand and dividend sustainability weighed on investor sentiment. The stock is down about 51% from its 52-week peak of $80.16. Nike's direct sales fell 6%, while digital sales declined 12% and Converse revenue plunged 31% in 2026.