Nike falls for record 10th straight day as Foot Locker woes, China slowdown hit stock

Nike's stock has experienced a 10-day losing streak, the longest in the company's history, as consumers pull back from the footwear sector and slow activewear sales weigh on its performance.

cnbc.com

Relevant topic timeline:

8/22/2023

A Bull Market Could Be Here: 3 Reasons to Buy Nike Stock

Nike's financials remain strong, with solid revenue growth and a strong balance sheet, despite setbacks in sales and net income; inventory issues are improving, which should help expand profit margins; and the stock is trading at reasonable prices, making it a compelling opportunity for long-term investors.

8/23/2023

Nike stock tumbles amid China's economic slowdown

Nike shares are continuing to drop as China's slowing economy affects the company, leading to its longest losing streak since its IPO in 1980. Other companies such as Starbucks and Qualcomm are also facing challenges in China.

9/12/2023

Nvidia Stock Slumps as Chip Sell-Off Extends Losing Streak to 5 Days

Nvidia stock is continuing its losing streak, with shares set for a fifth consecutive day of declines, marking the longest losing streak since December.