Apple Inc.’s CEO, Tim Cook, has made a significant personal investment in Nike Inc. Cook, who has been on Nike’s board since 2005, has acquired 50,000 shares in the company at an average price of ...
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Apple CEO Tim Cook bought $3 million in Nike shares, nearly doubling his stake in the company.
The Dow Jones Industrial Average climbed 0.6% to 48,731.16, while the S&P 500 added 0.32% to close at 6,932.05.
We view Nike as the leader of the athletic apparel market and believe it will recover from recent problems, including lackluster product development, soft demand for sportswear, and strained ...