📷 Image: Wikimedia Commons / Heinz Rall, Rechte: Ursula Stock
Business
Nike, DraftKings, Maruti Stocks Hit 52-Week Lows Today
✍️ Asianet Newsable
🗓 01 Oct 2026, 11:02 AM
👁 13
Shares of Nike, DraftKings and Maruti Suzuki fell sharply, touching 52‑week lows on Monday, amid broader market volatility.
The Indian equity market opened lower on Monday, with the benchmark Sensex slipping 0.4% as global risk sentiment cooled.
Nike (NKE) shares dropped 3.2%, sliding to a 52‑week low of $104.50, the lowest level since March. DraftKings (DKNG) fell 4.5%, hitting $12.80, its lowest point in eight months. Maruti Suzuki (MAT) slipped 2.8%, touching $1,350, the lowest price it has traded at in a year.
Analysts cited a mix of earnings expectations and macro‑economic data. Nike’s quarterly revenue fell short of forecasts, while DraftKings faced a slowdown in subscription growth. Maruti Suzuki’s decline was attributed to a weaker domestic auto demand outlook and rising input costs.
The sell‑off has weighed on investor sentiment, with retail and institutional traders pulling back amid concerns over a potential tightening of monetary policy. Market participants are now closely monitoring the next earnings releases and central bank statements for further clues.
Nike (NKE) shares dropped 3.2%, sliding to a 52‑week low of $104.50, the lowest level since March. DraftKings (DKNG) fell 4.5%, hitting $12.80, its lowest point in eight months. Maruti Suzuki (MAT) slipped 2.8%, touching $1,350, the lowest price it has traded at in a year.
Analysts cited a mix of earnings expectations and macro‑economic data. Nike’s quarterly revenue fell short of forecasts, while DraftKings faced a slowdown in subscription growth. Maruti Suzuki’s decline was attributed to a weaker domestic auto demand outlook and rising input costs.
The sell‑off has weighed on investor sentiment, with retail and institutional traders pulling back amid concerns over a potential tightening of monetary policy. Market participants are now closely monitoring the next earnings releases and central bank statements for further clues.