Nike stock records rare April gap down and faces potential Dow removal

8 articles · Updated · Barron's · May 1

Shares traded around $44.50 on Friday, nearly 50% below last summer’s 52-week high, after a 14% first-week-of-April drop on the heaviest weekly volume in almost 30 years.
Analysts say Nike is now the lowest-priced stock in the price-weighted Dow, raising the chance of an index committee change as the footwear group continues to lag consumer discretionary peers.
Technical signals point to further weakness, with one analyst targeting the mid-$30s later this year, though past Dow removals for Intel and Exxon preceded longer-term recoveries.

Could being dropped from the Dow actually be the catalyst for a massive Nike stock rebound?

Nike's stock is plunging, yet one model sees 100% upside. Which forecast is right for investors?