NKE, FRMI, DKNG Plunge to 52-Week Lows Amid Multiple Pressures

Shares of Nike Inc. (NKE), Fermi LLC (FRMI), and DraftKings Inc. (DKNG) dropped to annual lows on Thursday. The slump was attributed to a combination of company-specific issues, industry-wide challenges, and broader macroeconomic pressures.