Wow.
Nike,
$NKE, is down more than 6% today, hitting its lowest level since September 2013.
It is down more than 55% in a year.
It has lost roughly $60 billion in market cap.
If you invested $1 in
$NKE 5 years ago, it would now be worth about 23 cents.
Yesterday, it missed revenue estimates and guided for sales to fall again this year.