Hi redditors I am very interested in knowing basically why Nike such a strong and solid shoes and sports company, the stock price is falling since 2021 until now?
If you see the chart since IPO in about 1981 until 2021 their stock price was bullish for decades. This is surprisingly shocking if you invested in this stock ticker.
I am myself quite new in US stock market and understand that fundamentals are a driving factor in US stock price but still curious why in Nike case it's been like this.
And if you see NOVo nordisk stock it seems the same. The chart is similar with Nike.
The reason I am asking this is because tech stock has been bullish for decades and now the valuation seems crazily overpriced. I don't want my investment turn into like Nike's in the future.
If you know the reason why I would be happy if you could elaborate your reasons in comments section.
Sorry for such a newbie question and thanks before.