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Nike shares shot up 3% on the news, adding to a 3% gain from the prior session.
Nike CEO Elliott Hill and Apple CEO Tim Cook both purchased over $2 million in Nike stock.
KEY POINTS
- Both insider stock purchases occurred within days of each other, signaling coordinated confidence.
- Nike reported flat revenue and a 35% drop in net income in its recent quarter.
- The insider buys follow ongoing challenges for Nike, including tariffs and weak China sales.
COMPANIES
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