Nike shares gained ground in premarket trading on Wednesday following news that Apple CEO Tim Cook acquired nearly $3 million worth of the company’s stock.
According to a regulatory filing released on Tuesday, Cook purchased 50,000 shares of Nike at $58.97 per share. As of December 22, he now holds approximately 105,000 shares in the sportswear giant.
Cook, who has been a member of Nike’s board of directors since 2005 and serves as its lead independent director, made the investment amid a challenging period for the company. The buy comes shortly after Nike reported weaker-than-expected quarterly margins and sluggish sales in China on December 18, a disclosure that led to a nearly 13% decline in its share price since then.
In response to the news of Cook’s purchase, Nike shares rose 2% in premarket trading on Wednesday, with the stock trading at $58.49.No statements from Cook or Nike regarding the motivation behind the purchase were included in the filing or related reports.
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Stupid. Just plain, jackass stupid. Can’t get rid of this flake soon enough
I wonder if this is related.
Fire Tim Cook!
Woke Nike Was a Playground for Drunken Sexual Predators, According to Just-Released Documents
https://pjmedia.com/vodkapundit/2022/12/21/woke-nike-was-a-playground-for-drunken-sexual-predators-according-to-just-released-documents-n1655329
wtf? this is retarded. He’s just trying to prop up the stock price because he’s on the board.