The Economic Times

Nike stock chart forms a 'Jumpman' after shares plunge - why is NKE down and the story behind Michael Jordans iconic logo

Nikes stock chart has sparked a joke after commentator Trung Phan said its recent decline created a Jumpman formation. The comparison comes as Nike struggles with falling revenue, weakness in China and pressure on Jordan Brand. Heres whats behind the stock slide and the Jumpman logos history.