Sophia Lorey, a former college soccer player and California Family Council outreach director, is leading a shareholder proposal urging Nike to scrutinize its charitable partnerships, especially its support for the Human Rights Campaign. The proposal, backed by Christian investment firm Inspire Investing, argues that Nike's support for LGBTQ advocacy conflicts with its marketing of women's sports and raises risks related to brand politicization amid an ongoing EEOC investigation into race discrimination at Nike. Nike urges shareholders to reject the measure, citing existing due diligence on partnerships. This move is part of a broader investor campaign questioning corporate policies on transgender issues, seeking transparency on health insurance coverage for gender-related surgeries for minors.
Nike's stock has dropped nearly 50% over the past year due to declining revenue and challenges in key markets like Greater China and its Converse brand. Despite this, Needham analyst Tom Nikic sees a potential near doubling of Nike's share price to $...
In 2026, major athletic apparel stocks Nike, Dick's Sporting Goods, and Lululemon have fallen sharply by 38%, 29%, and 52% respectively, while the broader retail sector and S&P 500 have risen. Nike's decline began after a disappointing guidance reset...
The iShares S&P 100 ETF recently replaced Nike, Colgate-Palmolive, Simon Property Group, and Honeywell with four AI-related tech companies: Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk. This change reflects the growing market c...
S&P Dow Jones Indices announced changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective September 21, 2026. The updates include additions and removals of several companies to better reflect their market capitalization ...
