Apple CEO and Nike board member Tim Cook spent nearly $3 million to buy Nike’s stock after the latest selloff, roughly ...
Apple CEO Tim Cook bought $3 million in Nike shares, nearly doubling his stake in the company.
Nike has the leading brand in the industry, providing an advantage it can lean on.
Cook, who has been on Nike’s board since 2005, bought 50,000 shares at $58.97 each, according to a regulatory filing.
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Nike shares sank after the company warned that sales will decline this quarter amid persistent weakness in China and at its ...
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