Apple’s Tim Cook doubles Nike stake, endorses CEO Hill’s turnaround push

Share via:



Apple chief Tim Cook bought shares worth about $3 million in Nike, a move that nearly doubled his personal stake in the sportswear maker and signaled confidence in the turnaround strategy laid out by CEO Elliott Hill.

Shares ‌of the company ‌closed 4.6% higher on Wednesday after a regulatory filing showed that Cook, who has been on Nike’s board since 2005, bought 50,000 shares ‌at $58.97 each.

As of December 22, he held about 105,000 shares, according to the filing released on Tuesday.

It was the largest open market stock purchase for a Nike…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Apple’s Tim Cook doubles Nike stake, endorses CEO Hill’s turnaround push



Apple chief Tim Cook bought shares worth about $3 million in Nike, a move that nearly doubled his personal stake in the sportswear maker and signaled confidence in the turnaround strategy laid out by CEO Elliott Hill.

Shares ‌of the company ‌closed 4.6% higher on Wednesday after a regulatory filing showed that Cook, who has been on Nike’s board since 2005, bought 50,000 shares ‌at $58.97 each.

As of December 22, he held about 105,000 shares, according to the filing released on Tuesday.

It was the largest open market stock purchase for a Nike…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

How Intel’s dealmaker CEO charmed US President Donald Trump

It was a Thursday before dawn in Silicon...

WhatsApp working to show connected peripherals, more

Now that WhatsApp is finally available as a...

Add Women-Only Ride Option: Govt To Cab Aggregators

SUMMARY The government also directed cab aggregators to enable...

Popular