Nike stock ends the day at USD 35.51 at the closing bell after S&P 100 removal

At the close on September 21, 2026, Nike stock finished at USD 35.51 on the New York Stock Exchange, down 0.85 percent from the prior close and near a new 52-week low. The move followed its removal from the S&P 100 index before the open and fresh analyst pressure.

Nike stock closed at USD 35.51 on the New York Stock Exchange on September 21, 2026, slipping 0.85 percent from the prior close as the shares hovered just above a new 52-week low. Compared with the broader S&P 500, which declined modestly on the day, Nike underperformed as index changes and analyst actions weighed on sentiment.

Index removal and 52-week lows on September 21, 2026

Nike Inc. (ISIN US6541061031, NYSE: NKE) spent the session under pressure after S&P Dow Jones Indices removed the stock from the S&P 100 effective before the start of trading on September 21, 2026, replacing it with Palo Alto Networks, as reported by Ad-hoc-news. During the regular session the shares traded in a narrow range close to their recent lows, with intraday prints around USD 35.38 marking a fresh 52-week low, according to MarketBeat. Trading volume was moderate, with more than 4 million shares changing hands on the NYSE, broadly in line with recent activity.

The downward move continued a multi-month slide that has taken Nike back to levels last seen many years ago, and the stock now sits only a small distance above its 52-week low around USD 35.38. While the broader U.S. equity benchmarks declined less than Nike, sector commentary from analysts highlighted ongoing competitive and macro headwinds, reinforcing the negative tone.

After the bell today and the next trading day

After the closing bell, coverage from Yahoo Finance noted that Stifel lowered its price target on Nike to USD 40 while maintaining a neutral rating, citing margin pressure, a more promotional environment and weakness in key Sportswear and Jordan businesses. Earlier in the day, Yahoo Finance also reported that Stifel cut its earnings estimates for Nike’s upcoming fiscal first-quarter results, which are scheduled for October 1, 2026. Looking ahead, investors now focus on that October 1 earnings release for clearer guidance on the turnaround plan and on whether dividend payments due next month will be supported by improved fundamentals, as highlighted by Finbold.