Cook's Nike Buy Boosts Confidence
Update: 2025-12-31
Description
Nike receives a significant boost from Apple CEO Tim Cooks recent share purchase, doubling his stake to around 105,000 shares. This move sends Nikes stock up by 2-5% in premarket and early trading, indicating investor confidence in CEO Elliott Hills turnaround efforts. Despite recent mixed results, Nike is pushing innovative products like powered shoes and neuroscience-based sneakers to fuel its comeback. Analysts remain cautiously optimistic, with Jefferies keeping a buy rating at $115, citing progress in North America. However, earnings look shaky short-term, and smart investors might add shares gradually if Nike nails margins and China. Checkout Solipillow.com
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