How far we’ve come. After trading above $100 a share for much of 2012 so far, Nike stock dropped off a cliff in after-hours trading yesterday and opened the market today at $87.84 (see the big white gap and red island on the right side up there?). You guys need to buy more shoes, obviously.
At midday, NKE shares are attempting a climb back up to the $90 level with the help of a positive overall market. The steep drop is a little reminiscent of the plunge in the first quarter of 2011, but we’ll see watch to see how the company finishes out the rest of the year.