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Kiplinger

Business

Joey Solitro

Nike Stock Rallies After Bill Ackman Takes a New Stake

NIke Bill Ackman Pershing Square NKE Brian Mulberry Tom Nikic Pershing Square Capital Management

Closeup of Nike logo at the company's House of Innovation store in New York City.

Nike (NKE) stock is one of the best-performing Dow Jones stocks Thursday thanks to news Bill Ackman's Pershing Square Capital Management took a new stake in the footwear and apparel retailer.

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