Nike Stock Rises After Apple CEO Tim Cook Buys $3 Million Stake, Signaling Confidence in Turnaround Amid Tariffs and China Slowdown
NEW YORK — Nike shares traded higher on Wednesday, December 24, 2025, after a regulatory filing showed Apple CEO Tim Cook bought nearly $3 million worth of Nike stock, a notable insider purchase that investors quickly interpreted as a vote of confidence following a bruising post-earnings selloff. Reuters+1 Cook, who has served on Nike’s board since 2005 and is the company’s lead independent director, purchased 50,000 shares of Nike Class B common stock on December 22 at a weighted average price of $58.97, according to an SEC Form 4 filed on December 23. Reuters+2SEC+2 The disclosure helped lift Nike shares