Nike shares jump 5% after Apple CEO Tim Cook doubles personal stake that's now worth $6M
耐克耐克(US:NKE) New York Post·2025-12-24 16:44

Apple chief Tim Cook bought shares worth about 3millionin Nike,amovethatnearlydoubledhispersonalstakeinthe sportswear makerandsignaledconfidenceintheturnaroundstrategylaidoutbyCEOElliottHill.Sharesofthecompanysurged53 million in Nike, a move that nearly doubled his personal stake in the sportswear maker and signaled confidence in the turnaround strategy laid out by CEO Elliott Hill.Shares of the company surged 5% on Wednesday after a regulatory filing showed that Cook, who has been on Nike’s board since 2005, bought 50,000 shares at 58.97 each.As of Dec. 22, he held about 105,000 shares, according to the filing released on Tuesday. 3 Last week, Nike reported weaker qua ...