1 Bullish Sign for Struggling Nike Stock [Yahoo! Finance]
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Source: Yahoo! Finance
The stock is trading near its 52-week low of $42 per share, and the company recently underwent significant leadership changes. As the athletic brand fights to stay relevant, there is one potentially overlooked bullish signal coming from within. On April 10, Apple CEO and Nike board member Tim Cook purchased 25,000 shares of Nike. Just a few days later, Nike CEO Elliott Hill purchased 23,660 shares. This follows Cook's December purchase of 50,000 shares. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Insider buying is often viewed as a bullish signal that the company could begin moving in a more positive direction. The fact that Cook and Hill have both purchased healthy numbers of shares recently could be a real vote of confidence. Now the question is if Nike's turnaround is, in fact, working. Image source:
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