Nike Shares Rise as CEO and Apple's Tim Cook Purchase More Stock
Nike shares increased by 2.8% to $45.44 after CEO Elliott Hill and Apple CEO Tim Cook, along with other directors, purchased additional shares of Nike's Class B common stock. The purchases totaled 52,660 shares, with Hill and Cook investing $1 million and $1.1 million respectively. Insider buying is generally viewed as a positive signal for the company's future.
Topics: Apple executive actions insider trading Nike stock purchases