Nike stock ends Friday up 3% after Converse shake-up; U.S. markets shut Monday
Nike shares rose 3.3% to $63.13 Friday, outpacing the consumer sector. Converse, owned by Nike, is cutting corporate jobs as it realigns operations, according to Reuters. Nike’s board declared a $0.41 quarterly dividend, payable April 1 to holders as of March 2. Executive Robert Leinwand disclosed selling 9,065 shares at $62.33 each.