Is NIKE Stock Underperforming the Nasdaq?

Beaverton, Oregon-based NIKE, Inc. (NKE) is the world's largest designer, marketer, and distributor of athletic footwear, apparel, equipment, and accessories. Valued at a market capitalization of $94.9 billion, the company sells its products under the Nike brand as well as subsidiaries such as Jordan Brand and Converse.

Companies with a market capitalization of $10 billion or more are typically referred to as “large-cap stocks.” NIKE fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the footwear and accessories industry.