Those who predicted Nike’s stock would take a tumble hours after Zion Williamson blew out his shoe while injuring his knee during Duke’s loss to North Carolina are correct.
On Thursday morning, the shoe giant opened at the New York Stock Exchange at 83.57 per share after closing trading on Wednesday at 84.84.
It might not sound like a lot of money to a company like Nike, and it’s not exactly a bold prediction to say they’ll rebound just fine from this, but when you consider a tweet like this, there’s a lot of money involved here:
Here’s what the stock has done over the past five days:
But can you blame the tumble only on Williamson’s exploding shoe? There was also this story about the company’s new Adapt BB smart sneakers. From USA TODAY:
Just days after the $350 self-lacing shoes were released, users are currently reporting that they are unable to connect both of their shoes to the Nike Adapt app, meaning it cannot be used to tighten the pair of shoes.
“Simply, this app doesn’t work,” user David Erdos wrote as a review for the app. “Whenever I try connecting my shoes, it says error try again or it says it’s already connected with another pair of shoes.”
So, yeah, it’s not a great day in Beaverton.
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