How One Athlete Cost Nike Stock $3 Billion
MagooInvesting MagooInvesting
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 Published On Jun 4, 2023

On the biggest stage, the worst thing happened. And it cost Nike stock $3 billion dollars overnight. Here's how one athlete cost nike stock $3 billion.

#nike #investingforbeginners #dividendinvesting


Today I wanted to share the story about Zion Williamson and his nike shoes. It was fascinating to watch this event happen in real time. While a 1.3% drop doesn't seem like that much, it's much easier to put it into perspective with the loss of market cap. And with that drop, it meant that Nike lost $3 billion from this problem. Let me know what you think about this story and if you like Nike stock for a long term investment.

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