Nike stock slips Friday as CEO’s $1 million buy buzz fades — what investors watch next
Nike shares fell 0.6% to $63.33 in afternoon trading Friday, following recent gains after CEO Elliott Hill bought 16,388 shares at $61.10 each. Investors remain focused on margins and China demand ahead of the next earnings window. Nike’s last quarterly report showed a 17% sales drop in Greater China and a 300 basis-point decline in gross margin.