Nike Stock (NKE) News on Dec. 25, 2025: Tim Cook’s $3M Buy Sparks a Bounce as China Weakness and Tariffs Cloud the Turnaround
Nike shares rose 4.7% to about $60 on Dec. 24 after a filing showed Apple CEO Tim Cook, a Nike board member, bought $3 million in stock. The purchase marked the largest open-market buy by a Nike director in over a decade, according to Baird. Nike’s Q2 FY2026 earnings beat sales estimates but showed a 32% drop in net income and falling margins. North America sales rose 9%, while Greater China declined.