Stock Market Today, Aug. 26: Nike Stock Hits 10-Year Low on Analyst Downgrade Following Retail Footwear Concerns

Stock Market Today, Aug. 26: Nike Stock Hits 10-Year Low on Analyst Downgrade Following Retail Footwear Concerns

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.How the markets moved todayThe S&P 500 (SNPINDEX:^GSPC) closed at 7,676, …

Steer clear of these stocks tied to a faltering footwear market, Truist says

The bank downgraded both names to hold from buy.

Nike Shares Drop 2.3% to Lowest Level Since 2014 After Truist Lowers Rating

Beaverton, Oregon, August 26, 2026, 21:07 (PDT) Nike finished at $38.59, falling 2.25%, after hitting a new 52-week low of $38.41.Truist lowered its rating on the stock to Hold and reduced its price target to $42 from $47.Wholesale revenue for fiscal 2026 reached $27.5 billion, accounting for 59.3% of Nike's overall total. NIKE, Inc. (NYSE:NKE)…