Overview
- Shares rose about 2% in after-hours trading Tuesday after SEC Form 4 filings showed fresh insider buys near a multi‑year low.
- Apple CEO and Nike director Tim Cook bought 25,000 shares on April 10 at an average of $42.43, a roughly $1.06 million purchase that lifted his holdings to 130,480 shares.
- Nike CEO Elliott Hill purchased 23,660 shares on April 13 at an average of $42.27, investing about $1 million and bringing his stake to roughly 265,247 shares.
- Nike beat fiscal Q3 estimates on March 31, yet guided for a 2%–4% revenue decline and warned of Greater China weakness after an 11% drop last quarter with a possible 20% slide ahead.
- Following the weak outlook, firms including HSBC, Goldman Sachs, Bank of America, Wells Fargo, and UBS cut targets or ratings, underscoring caution even as insider buying lifted short‑term sentiment.