Alagirisamy Venkatesh sold $138K of NKE

Nike added Alexandre Arnault, 34, to its board on Sept. 15, granting him 5,171 restricted shares valued at $200,000. Arnault, deputy CEO at Moët Hennessy, brings luxury brand experience. Nike's stock is near a 12-year low, down 80% from its 2021 peak. The company aims to reduce discounts and focus on premium pricing. Nike reports Q1 earnings on Oct. 1 with Arnault on the board.

Nike (NKE) appointed Alexandre Arnault, LVMH's deputy CEO for wines and spirits, to its board. Arnault has experience revitalizing brands like Tiffany & Co. and Rimowa. Nike's leadership highlights his expertise in innovation and digital transformation.

Nike (NKE) will be removed from the S&P 100 on September 21 due to an 80% market value drop over five years, attributed to slowing sales and competition. Its low share price and small weight in the Dow Jones Industrial Average raise doubts about its continued inclusion. Nike's share price is $36, and it is the worst performer in the Dow this year. The company declined to comment.

Nike (NKE) was removed from the S&P 100 and faces potential removal from the Dow Jones Industrial Average due to its low share price and market value decline. Analysts cite weak demand, slowing sales, and competition as factors. Nike's shares have risen only 5% since 2013, while the S&P 500 quadrupled. The Dow Jones committee may decide on changes at any time.

UBS predicts Nike's Q1 results will show weak guidance, leading to earnings revisions. Analyst Jay Sole forecasts a 5-cent EPS miss and lower FY2027 outlook, citing global sales growth deterioration. UBS cut its price target to $42, maintaining a Neutral rating, expecting an 8% stock move around the event.

Generac surged 33% after a $2.4B Amazon deal. Lennar fell 1.2% on weak Q3 earnings. Fluence Energy dropped 22% after cutting 2026 revenue guidance. Nike rose 1.5% with a new board member. Arm Holdings gained 4% on CEO's demand confidence.