Nike stock chart forms a 'Jumpman' after shares plunge - why is NKE down and the story behind Michael Jordan’s iconic logo
Nike’s stock chart has sparked a joke after commentator Trung Phan said its recent decline created a “Jumpman formation.” The comparison comes as Nike struggles with falling revenue, weakness in China and pressure on Jordan Brand. Here’s what’s behind the stock slide and the Jumpman logo’s history.
The Economic Times ·