Tim Cook’s Nike Stock Buy Sparks Fresh Buzz as Shares Climb Again
Nike shares rose 2.7% to $65.00 Monday morning after CEO Elliott Hill and Apple CEO Tim Cook disclosed recent open-market stock purchases, according to SEC filings. Hill bought 16,388 shares on Dec. 29 at $61.10, while Cook acquired 50,000 shares on Dec. 22 at $58.97. Director Robert Swan also reported buying 8,691 shares. Nike is in the early phase of a turnaround under Hill.