NKE, TTD, GRAB Hit 52-Week Lows Today: What's Driving The Selloff?

• Nike, Trade Desk and Grab hit multi-year intraday lows on company-specific developments.
• NKE has fallen for four straight sessions following its forecast of 2026 sales decline; TTD slid nearly 7% on news of senior executive departures.
• Stocktwits sentiment was ‘bullish’ for NKE, and ‘neutral’ for TTD and GRAB.

Nike, Inc. and The Trade Desk, Inc. shares hit multi-year lows on Tuesday, while Grab Holdings Ltd. stock hit a 52-week low, dragged down by catalysts ranging from weak forecasts, executive departures, and major acquisitions.

What's Driving NKE, TTD, GRAB Lower?

Nike shares dipped 3.4% to $42.69, hitting their lowest level since August 2015. The sportswear giant’s stock has fallen for four straight sessions, losing about 20% cumulatively, since it guided for a sales decline in 2026.

In the past week, Bank of America, JPMorgan and Goldman Sachs downgraded NKE to a rating equivalent to ‘Neutral,’ while several others lowered their price targets, as more Wall Street firms contended that Nike’s turnaround was taking longer than previously anticipated. The company’s business in China, where sales declined 7% last quarter, is another major overhang for the company and shares.

The Trade Desk shares plunged 6.8% to $20.70, hitting their lowest level since April 2020, after reports surfaced that several top executives would leave the company. The departures include Executive Vice President and chief marketer Ian Colley, senior vice president of consumer products, Matthew Henick, and communications executive Melinda Zurich, according to AdWeek.

TTD’s slide comes after heavy selling following a dispute involving one of the company’s major ad agency partners. Last month, Publicis Groupe nearly severed ties with The Trade Desk over what it claims are inflated and opaque billing practices by the ad-tech firm.

The issue prompted a few analysts to downgrade the stock, though they noted the selloff appeared overdone relative to the concern and said the revenue impact should be manageable or likely resolved through a near-term agreement between the two sides.

Grab shares declined to an intraday low of $3.48, a 52-week low. Grab’s shares have ended lower over the last three sessions amid lingering disappointment over its softer-than-expected guidance, alongside mixed investor reactions to its recent acquisition and capital allocation moves.

Last month, Grab acquired Delivery Hero's Foodpanda delivery business in Taiwan for $600 million in cash and launched an accelerated share repurchase program for up to $250 million of company stock.

Jefferies reiterated its ‘Buy’ rating and $6.70 price target, projecting a 90% upside, saying that the deal should be accretive to Grab’s adjusted EBITDA in 2028. Meanwhile, Morningstar analysts noted that Grab has traditionally gained due to a first-mover advantage in markets and could face stiff competition in Taiwan, where Uber Eats already has a stronghold.

What Retail Traders Think About NKE, TTD, GRAB?

Despite the weakness, Nike’s retail sentiment on Stocktwits has oscillated between ‘extremely bullish’ and ‘bullish’ since its March 31 earnings report. Many traders expressed confidence in Nike’s strong brand recall and said they believe the multi-year low is an ideal time to buy the stock.

The sentiment for TTD was ‘bearish’ all month and ticked up to ‘neutral’ on Tuesday. Traders had a broadly positive view, with one saying that during a stock’s correction phase “every bad news is amplified x10.”

Stocktwits sentiment for Grab has been ‘neutral’ in the past week, signaling mixed views on the company’s Foodpanda acquisition and share buyback.

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