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Stock impact report

Apple's CEO Recently Invested in Nike. Should You Do the Same? [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
Its new CEO, Elliott Hill, has been on the job for a little over a year. 10 stocks we like better than Nike › Turnaround attempts are challenging in the best of times. Amid economic uncertainty, they can be much more daunting. That's the situation Nike (NYSE: NKE) finds itself in today. New CEO Elliott Hill is working on improving relationships with key partners and reenergizing the brand, and it comes at a time when consumers are struggling with rising costs and where high-priced apparel may not be a top priority. One executive who is a believer in the company's turnaround efforts, however, is Apple CEO Tim Cook. Cook recently boosted his position in Nike by purchasing $3 million in additional shares, nearly doubling his stake in the business. Is this a positive sign for the stock, and should you also consider buying shares of Nike today? Hill took over as Nike's CEO in October 2024. It's been over a year since then, and there unfortunately hasn't been significant progre Show less Read more
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