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Stock impact report

Nike (NKE) Jumps 4.6% as Tim Cook Hikes Stake [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
Nike Inc. jumped by 4.64 percent on Wednesday to close at $60 apiece after an Apple executive nearly doubled his stake in the company. In a regulatory filing, Nike Inc. (NYSE:NKE) said that Tim Cook, chief executive officer of Apple Inc., acquired $2.9 million worth of new shares in the company. Cook is currently an independent director and now owns a little more than 105,000 shares in Nike Inc. (NYSE:NKE). The purchase reflected strong confidence in the stock, despite posting dismal earnings performance in the second quarter of fiscal year 2026 and posting lower sales guidance for the next quarter. In the second quarter, the athletic fashion maker said that net income declined by 32 percent to $792 million from $1.16 billion in the same period last year. Revenues were flat at $12 billion due to sales declines in China, Asia Pacific, and Latin America, which were primarily offset by growth in the North American region. Regions with a high quality of life, including safety Show less Read more
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