Despite a steep initial loss after the announcement of the controversial ad, Nike's stock (NKE) reversed its losses and climbed to $80.30, an increase of one percent from the drop to $79.01 on Tuesday.
According to The Chronicle of Higher Education, the school had revised its sports contracts last October noting that "all participating coaches and players 'show respect for the American flag and national anthem'".
Nike's sales, by the way, have risen 31 percent compared to this time period previous year.
Woods is a longtime Nike endorser who started with the company on the day he turned pro in 1996.
In the face of such criticism, Nike has not yet reported any apology and is standing tall by the decision to make Colin Kaepernick the face of their marketing campaign. The surge was better than the 17 percent increase recorded past year during the same period, the report stated.
Jelena Damjanovic asked Simon Darnell, assistant professor at the University of Toronto's Faculty of Kinesiology and Physical Education, for his take on what it all means for Kaepernick - and Nike. I don't think it's appropriate what they did, ' Trump said.
"If Nike is ashamed of America, we are ashamed of them", College of the Ozarks President Jerry C. Davis said in a statement, The Associated Press reports. I think this in itself is an interesting development. "As far as the National Football League is concerned, I just find it hard to watch, and always will, until they stand for the FLAG!"
"The worst thing about that isn't that two years later we're still debating whether players have the right to protest, it's that not much has changed regarding what Kaepernick was protesting".