Following Monday’s reveal that Colin Kaepernick was renegotiated into a multiyear deal to make him one of the faces of Nike’s 30th anniversary “Just Do It” campaign.

Trump sounded off with his usual complaining, which ended in Nike stock drops following Colin Kaepernick Deal . Read on for more details…

CelebNSports247.com caught wind on Tuesday, Nike saw a dip in their stock following the announcement that Colin Kaepernick had a new deal.

Nike, the athletic clothing and footwear maker stock was at a low early trading on Tuesday after the announcement of the 30th anniversary “Just Do It” campaign with Colin Kaepernick as the face.

The footwear brand saw their stock drop by over $3 a share and shaving some $4.5 billion off the company’s market cap.

Colin Kaepernick has received major support from fellow athletes who know he’s been black-balled from the NFL.

Last week, Kaepernick had a victory when he won his battle against the collusion case against the NFL.

In early trading news on Tuesday, Nike saw a dip in their stock following the announcement that Colin Kaepernick had a new deal with the athletic clothing and footwear maker.

Nike saw their stock drop by over $3 a share and shaving some $4.5 billion off the company’s market cap.

For the record, it wasn’t just Nike that saw a dip on Tuesday, it was just about every footwear company. Puma and Adidas also saw a dip while Under Armour saw a slight increase.

Kaepernick, 30, has not played in the NFL since the 2016 season and still remains un-signed.