Tim Cook Buys $3 Million in Nike Stock as S&P 500 Hits Record Highs; Gold Hovers Near $4,500 in Holiday “Santa Rally” Trade
Nike shares jumped 4.6% to nearly $60 after a filing revealed Apple CEO Tim Cook bought 50,000 shares for about $3 million. The purchase, the largest by a Nike director in over a decade, followed a 13% drop in Nike’s stock since Dec. 18. Cook now holds roughly 105,000 shares. U.S. markets were closed Dec. 25 for Christmas.