Tim Cook Purchases 25,000 Shares of Nike Stock
Tim Cook, CEO of Apple and a member of Nike's board, purchased 25,000 shares of Nike stock at $42.43 per share, totaling over $1 million. Nike's CEO, Elliott Hill, also made a similar purchase around the same time. The purchases occurred near Nike's 52-week low and led to a 2% rise in Nike's stock price in after-hours trading.
Topics: Apple executive actions insider buying Nike stock market