Adidas Price Plunges

By Holger Elfes  |   2008-6-27  |     NEWSPAPER EDITION

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-- Adverstisement --

ADIDAS AG, the world's second-largest sporting-goods maker, fell the most in more than three months in Frankfurt trading after competitor Nike Inc reported stagnant United States orders.

Adidas slid as much as 3.9 percent, the most since March 17. The stock was down 1.62 euros, or 3.8 percent, at 41.20 euros (US$64.50) at 11:18am yesterday, posting the third-biggest decline in the German benchmark DAX Index.


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