Nike shares gained ground in premarket trading on Wednesday following news that Apple CEO Tim Cook acquired nearly $3 million worth of the company’s stock.

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	Forwarded this email? Subscribe here for more Apple’s Tim Cook buys $3 million in Nike stock MacDailyNews Dec 24   READ IN APP   Apple CEO Tim Cook Nike shares gained ground in premarket trading on Wednesday following news that Apple CEO Tim Cook acquired nearly $3 million worth of the company’s stock. According to a regulatory filing released on Tuesday, Cook purchased 50,000 shares of Nike at $58.97 per share. As of December 22, he now holds approximately 105,000 shares in the sportswear giant. Cook, who has been a member of Nike’s board of directors since 2005 and serves as its lead independent director, made the investment amid a challenging period for the company. The buy comes shortly after Nike reported weaker-than-expected quarterly margins and sluggish sales in China on December 18, a disclosure that led to a nearly 13% decline in its share price since then. In response to the news of Cook’s purchase, Nike shares rose 2% in premarket trading on Wednesday, with the stock trading at $58.49.No statements from Cook or Nike regarding the motivation behind the purchase were included in the filing or related reports. ‎ MacDailyNews Take: Always buy what you know: Asian sweatshops. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple’s Tim Cook buys $3 million in Nike stock appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe