What makes you think it’s an overreaction?
I’m not overly familiar with clothing, but Nike appears to have been on a downward trend share price wise for a couple of years
Competitors share price trends seemingly mirror Nikes downtrend as well (or never really hit the same highs), even in the retailer space a company like JD Sports has a similar downward trend
This indicates something isn’t working industry wide
Nike were overvalued after 2021. They had a downturn in sales during covid, followed by a spike as people exercised more etc.
I wouldnt take the share price trajectory from 2021 to now as indicative of the future.
Yes, their sales are fairly stagnant at the moment. But top and bottom lines are way better than 2019 and share price is roughly the same.
There are likely better investments out there but in its own right, I’m happy putting money into Nike at the moment.
(None of that is advice. Do your own research)
I enjoyed reading the thoughtful previous two comments by @woodyblade and @TInvest they make a great change from some of the mindless forwarding of articles and references to “technical analysis” that in general just “hype” a share.
My understanding is that Nike put a lot into the Jordan brand and things like Nike Dunk. These basically drove their sales. Problem is that people have moved on so brands like On and Hoka are eating some of that cake (at least in the running shoes arena). I notice at the Gym that more people use Adidas so may be this graph is not a surprise:
Compare it to the screenshot that @woodyblade used. You will that see straight away that I have limited the graph to start from Q4 2023. I wanted to emphasise recent performance. Adidas has moved forward since this year pretty much in line with changing trends and fashions. BTW, there are several articles on this that you can google …
WE have to also remember that these brands are global brands … the point being that my anecdotal observations in the Gym may not be representative of fashion desires (and brand growth/income) worldwide.
me not caring if people hate charts ,
charts dont lie
" the Longer the Base, the Higher the Space"
the longer stock is range bound meens less and less sellers out there to push it lower so higher probablity of a break higher . 
still bouncing along the support level , at some point it will do somthing one way or the other 
then again it was much much sideways all year till this point
https://www.ft.com/content/7d8bda0f-eec8-4414-b76a-351f6fa6e0c8
I missed getting this stock on it’s epic lows. Let’s see if this is the beginning of a turnaround! 
I managed to pick 16 shares on a punt when they careened off the cliff at their last earnings. This is good news!
Just do it 
https://www.ft.com/content/30647615-dc6a-4452-8550-8b8c804446e8
Lex: A boomerang boss at Nike may just do it
Elliott Hill must prepare for a marathon, not a sprint at the sports shoemaker.
Anyone buying this dip or do we think further to drop?
