Nike shares drop 1% on Zion Williamson injury

An on-paper loss of about $1.2B.

Duke’s star freshman, who is widely projected to be the No. 1 pick in the upcoming NBA draft, suffered a knee injury when his shoe ripped apart during a game on Wednesday. On Thursday, hours after Nike released a statement saying that they “are working to identify the issue,” the company’s shares had dropped by about 1%.

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