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Valued at a market cap of $113.5 billion, NIKE, Inc. (NKE) is a global leader in athletic footwear, apparel, equipment, and accessories, known for its iconic brands like Nike, Air Jordan, and Converse. Based in Beaverton, Oregon, the company reaches consumers worldwide through retail stores, digital platforms, and partnerships with top athletes and sports teams.
Shares of the athletic apparel maker have underperformed the broader market over the past 52 weeks. NKE has dipped 23.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 21.8%. In addition, shares of NKE are up 1.1% on a YTD basis, compared to SPX’s 2.7% gain.
