Nike (NKE) Stock Booted From S&P 100 After 18 Years. What Now?
TLDR
- Nike will be removed from the S&P 100 on September 21, ending an 18-year run in the index
- Dell, Palo Alto Networks, Arista Networks and SanDisk will take the spots of Nike and three other companies
- Nike’s market cap has fallen to around $57B, with fiscal 2026 revenue flat at $46.4B
- NKE stock opened at $38.39, near its 52-week low of $37.95, with a consensus analyst rating of “Hold” and average price target of $52.94
- Insiders sold over 26,000 shares in the last 90 days, while Washington Trust Advisors cut its stake by 49.4%
Nike (NKE) is being removed from the S&P 100 on September 21 as part of the index’s quarterly rebalance. The move ends nearly 18 years in the index for one of the world’s most recognized sportswear brands.
NKE stock opened at $38.39 on Monday, hovering just above its 52-week low of $37.95. The stock is down sharply from its 52-week high of $76.97.
Dell Technologies (DELL), Palo Alto Networks (PANW), Arista Networks (ANET) and SanDisk (SNDK) will replace Nike and three other outgoing companies. All four incoming names are from the technology sector, reflecting a broader shift in the index’s composition.
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