Nike Stock (NYSE: NKE) Today: Shares Hover Near $60 as Tim Cook’s Insider Buy, Earnings Guidance, and Holiday Trading Set Up the Next Move
Nike shares traded around $60.40 midday Friday, up 0.7% in thin post-Christmas volume near 14.8 million shares. The move follows Apple CEO Tim Cook’s $3 million insider purchase, which nearly doubled his Nike stake. Investors remain focused on margin recovery and China risks after recent earnings volatility. Major U.S. indexes hovered near record highs.