Nike's stock has dropped 75% over five years, hitting a 12-year low, prompting CNBC anchor Joe Kernen to speculate that Berkshire Hathaway might consider buying the brand. Nike's market cap has shrunk to about $43.66 billion from a $264 billion peak in 2021, while Berkshire has over $350 billion in cash. Despite recent earnings beats, Nike faces challenges like declining revenue and pressure on consumers globally. The next key event is Nike's investor day in November, which could provide more clarity on its future. Meanwhile, Nike's competitor On Holding is also struggling with a significant stock decline, highlighting tough competition in the sportswear market.
Nike's stock trades near its 52-week low at USD 36.43, just above the low of USD 35.78, while On Holding is also close to its 52-week low at USD 27.32 versus USD 26.76. Nike's market cap on Pluang stands at $53.94 billion, significantly larger than On Holding's $9.13 billion. As of Sep 18, 2026 21:52 WIB, Nike sees a strong buy interest with 71% of orders, compared to On Holding's 91%, reflecting differing investor confidence levels in these sportswear competitors.
French soccer star Kylian Mbappe has ended his 20-year partnership with Nike to join Swiss sportswear brand On, which is backed by Roger Federer. This move highlights On's ambition to expand into football, planning to launch its first football boots ...
On Holding's stock rose 5% after French soccer star Kylian Mbappé became the face of its new football cleats and apparel line, marking the brand's first serious move into the football market dominated by Nike and Adidas. This move expands On Holding'...
Nike's stock has fallen nearly 50% over the past year, raising questions about its status as a growth stock. While Nike has increased its dividend for 24 consecutive years, the current 4.56% yield is partly due to the collapsing share price rather th...
Nike is being removed from the S&P 100 after nearly 18 years, reflecting a $200 billion market cap decline since 2021. This change highlights the growing challenges consumer brands face as spending fragments across more brands and channels, with AI a...
Phil and Penny Knight have pledged $1.1 billion to Providence St. Vincent Medical Center and its Providence Heart Institute in Oregon. This donation will fund the creation of Oregon's first hospital dedicated to women's health and enhance cardiovascu...
