why did nike going down in value at the end of june 2024

The closing price for Nike (NKE) in June 2024 was $73.78, on June 28, 2024. It was down 20.3% for the month. The latest price is $62.80.

DATE OPEN HIGH LOW CLOSE VOLUME
June 28 2024
$75.50
$77.38
$72.98
$73.78
129,967,000
June 27 2024
$91.79
$92.74
$91.42
$92.20
25,772,700
June 26 2024
$92.10
$92.49
$91.18
$92.08
10,160,400
June 25 2024
$95.26
$95.58
$92.51
$92.75
9,036,200
June 24 2024
$95.25
$95.97
$94.64
$95.12
9,466,900
June 21 2024
$93.94
$95.16
$93.41
$95.13
15,569,900
June 20 2024
$91.90
$94.06
$91.55
$93.55
9,393,800
June 18 2024
$92.67
$93.25
$92.22
$92.78
6,712,000
June 17 2024
$90.07
$93.11
$90.07
$93.00
6,365,400
June 14 2024
$91.82
$92.78
$91.33
$91.42
7,426,800
June 13 2024
$92.06
$92.54
$91.74
$92.19
8,348,200
June 12 2024
$94.32
$94.46
$91.53
$91.70
9,861,300
June 11 2024
$93.50
$93.97
$92.53
$93.85
7,301,500
June 10 2024
$93.71
$94.94
$93.58
$93.97
7,035,600
June 07 2024
$93.38
$95.87
$93.29
$94.51
9,397,400
June 06 2024
$92.86
$94.76
$92.01
$93.70
9,760,100
June 05 2024
$93.31
$93.31
$91.72
$92.33
7,463,300
June 04 2024
$92.30
$93.10
$91.44
$92.74
7,838,400
June 03 2024
$92.53
$93.24
$92.07
$92.41
9,668,100
Daily pricing data for Nike dates back to 12/2/1980, and may be incomplete.