Nike Shares Plummet to Low Not Seen Since 2015

Does the company have time to regain its wings?

BY MOSES JEANFRANCOIS, NEWS WRITER @MOSESJEANS

Nike shares hit an average price of $42 on the stock market Wednesday, with a low of $41.70 at around 9:44 a.m. It’s a number the company hasn’t seen on the market in 12 years. 

“We are moving with urgency,” Nike said. The apparel company has been steadily falling on the stock market over several months. In the company’s earnings call in March, chief executive Elliott Hill told investors he would prioritize brands and products that drive momentum to the foundation. “We’re not simply fixing what needs to be........

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