“Nike Stock Reports Earnings Tomorrow... Get Ready (Nike Stock Analysis)”
NKE fundamentals are deteriorating (revenue/margin/FCF decline); high dividend payout ratio is unsustainable; intrinsic value is falling.
Nike's stock is among the worst performers in the S&P 500 index over the past year, having fallen by about 50%. It has also declined by more than 44% since the beginning of the year, and bets are increasing that the stock will fall by as much as 6.3 %.
That's a large number of people who are actively betting against a stock with a market capitalization of $53 billion.