Nike Stock Plummets 14.44% in High-Volume Trading Ranking 17th as Tariffs Bite
1min read On April 3, 2025, Nike's stock price experienced a significant decline, falling by 14.44%. The company's trading volume reached 40.63 billion, marking a 467.29% increase from the previous day and ranking 17th in the day's trading volume.
Nike's stock price plummeted to its lowest level since October 2017, coinciding with the implementation of new tariffs by the Trump administration. These tariffs have increased the average duty on imports to the United States to 22.5%, impacting various apparel and footwear stocks, including nike.
The decline in Nike's stock price is attributed to the potential increase in consumer prices due to the tariffs, which could affect the company's sales and profitability. The tariffs have also raised concerns about the company's operations in countries like Vietnam, where it has over 530,000 employees.
Analysts have expressed mixed sentiments regarding the impact of the tariffs on Nike's stock price. While some believe that the stock market has already discounted the rumors, others are cautious about the potential negative effects on the company's financial performance.
Ask Aime: What led to the significant drop in Nike's stock price on April 3, 2025?
