Stock Market Today, Aug. 26: Nike Stock Hits 10-Year Low on Analyst Downgrade Following Retail Footwear Concerns
Truist downgraded the athletic giant after Dick's weakness, signaling concerns about footwear demand, today, Aug. 26, 2026.
Overview
NIKE (NYSE:NKE), a global athletic footwear and apparel leader, closed at $38.59, down 2.25%. Analyst downgrades and negative retail footwear headlines pressured the stock, while investors are watching the next earnings cycle and tariff-related margin trends.
Trading volume reached 33.3 million shares, coming in about 35% above its three-month average of 24.6 million shares.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,676, down 0.02%, and the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 26,130, down 0.08%. Among global athletic footwear, apparel, equipment, and accessories manufacturing and retail peers, Adidas (OTC:ADDYY) closed at $87.84, down 1.47%, while Deckers Outdoor (NYSE:DECK) closed at $89.47, up 0.82%, after mixed demand signals from retailers and brand outlooks.
Details
Investors were stunned by news from the athletic shoe market yesterday, as Dick's Sporting Goods (NYSE:DKS) cut guidance amid weaker demand. That stock tumbled 30% after its news, and prompted Truist Financial (NYSE:TFC) analyst Joseph Civello to cut his firm's rating on Nike from "buy" to "hold."
Source
Originally published at www.fool.com.