Nike stock jumps 4% after CEO Elliott Hill buys $1 million in shares as markets shut for New Year’s Day
Nike shares rose 4% after a filing showed CEO Elliott Hill bought $1 million of stock at about $61.10 per share, raising his stake to 241,587 shares. The stock closed 2025 at $63.71, down 16% for the year. Hill’s purchase followed insider buys by directors Tim Cook and Robert Swan. Nike’s last earnings report cited margin pressure and a sharp drop in China sales.