The Adidas Stock Fell 8% on Tuesday, October 25, and lost over 20% of its value in the last six trading days. Adidas AG has gone down from 121.21 euros per share on October 13 to 95 euros per share. That’s a calamity for a company that lost 64% of its capitalization in 2022.
The German sportswear company is in big trouble. Additionally, the brand cut ties with Kanye West after the designer’s antisemitic statements on the Lex Friedman podcast. West’s Yeezy line accounts for $1-$2 billion in annual sales, and Adidas will have to do without it.
If you are looking for a big and troubled company to trade with, Trade Adidas.