Tim Cook and Nike CEO Purchase $2.1 Million in Nike Shares Amid Weak Financial Performance
Nike CEO Elliott Hill and Apple CEO Tim Cook each purchased approximately $1 million in Nike stock at $42 per share in mid-April, signaling insider confidence despite the company's weak financial results. Nike reported flat revenue of $11.3B, a 35% drop in net income to $520M, and a 130-basis-point gross margin contraction, with continued revenue declines expected through fiscal 2026.
Topics: Apple China consumer discretionary insider buying Nike stock market tariffs