The accident of basketball player Zion Williams made Nike’s stock to drop by nearly 2% on Thursday, February 21th because of what happened unexpectedly to a major NCAA campus game between Duke University and North Carolina.
The left Nike shoe worn by the basketball star opened in the middle and as a result he suffered a sprain in his right knee, according to his coach. Williamson’s tidiness led to a beating – surprise for his team and a drop in the company’s stock. Nike said in a statement:
“We are obviously anxious and want to wish Zion a quick recovery”
Williamson wore the “Nike PG 2,5” basketball shoe when he was injured. The pictures with the shoe sole have been impressive. Thousands of viewers, readers and potential Nike customers have been amazed at what happened. At the moment the shares of the company lost some of their value rival companies Adidas and Puma went higher.
If Dukes University Zion Williamson misses the opportunity to move from the university league to professional NBA due to a knee injury, he could claim compensation by triggering a $ 8 million loss insurance policy. The first-year student is considered an excellent basketball talent and there is a big chance he will be the top candidate to be transfered to the NBA next June.
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