by Jordan Conradson, The Gateway Pundit:
Nike is set to be removed from the S&P 100, a subset of the S&P 500 that tracks 100 major blue-chip companies across multiple industry groups, later this month.
This comes after the company lost nearly 80% of its value since 2021.
As The Gateway Pundit reported last month, the woke brand’s stock price plunged to a 12-year low after spending the last decade championing left-wing social justice causes.
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As of Saturday, the company has a market cap of roughly $57 billion, losing more than $200 billion in value since its all-time high in November 2021.
The stock is down roughly 40% year-to-date, trading at $38.41.
Now, they’re set to be axed from the S&P 100 before the markets open on September 21, 2026, according to S&P Dow Jones Indices.
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