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Nauman Khan

CEO Eliott Hill Just Bought 24,000 Shares of Nike Stock. Should You?

NIke Stock Elliott Hill Tim Cook Converse Jefferies

Nike’s (NKE) stock has been weak lately, but the good news is that CEO Elliott Hill just bought 24,000 shares, along with Apple (AAPL) CEO Tim Cook, who snapped up 25,000 shares, which grabbed investors’ attention. These purchases, worth roughly $1 million each, totaling $2 million in inside activity.

In fact, Nike shares popped 2.81% on Wednesday's regular session, after the company disclosed that Hill and Cook bought stock at roughly $42.27 per share. 

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