Nike appoints CryptoPunk owner Alexandre Arnault to board
Alexandre Arnault joins Nike's board; he owns a CryptoPunk and previously led Web3 efforts at Tiffany.
4 h ago11 min read
Alexandre Arnault joins Nike's board; he owns a CryptoPunk and previously led Web3 efforts at Tiffany.
Nike shares hit a 12-year low near $35.80 on Wednesday amid China weakness, tariff costs and turnaround doubts, after price target cuts from Telsey and Baird.
Nike stock fell sharply in 2026, becoming the Dow's worst performer. Wall Street targets suggest upside, but some analysts remain cautious.