Tim Cook, CEO of Apple and Nike Board of Directors member, just purchased 50,000 shares of Nike stock at the current price, costing him $2.9+ million.
https://www.gurufocus.com/news/4086202/nike-nke-director-tim-cook-acquires-295m-in-company-shares
Is this a vote of confidence in the company's future or a PR move?
Tim Cook has a reported net worth of $2.6 billion, so dropping a couple million on some Nike stock is spending couch cushion money for him.
Oh no...
With the current decline in the Nike stock price after hours today, Tim has lost about 18% on his investment.
Welcome to the party, pal!
Comeone bod. Buncha of you left. Buy moAr!
Tim Cook just used cheap chinese labor and marketing
we can teach gangbangers from chicago to do that
@OP PK needs to get rid of TC from Nike board.
TC is driving Apple to the ground with his short sightness and number crunching.
If he does same thing in Nike then God bless Nike. Nike needs board member who is forward thinking and open minded.
Nike is a dead company. Can’t recover from the missteps. Take the capital loss and move on.
Already adding more value than 1 year EH tenure hah pathetic
Thank you for throwing us a bone Timmy!
BoD. Buy more shares and boost that price! I need to unload some that I regretfully bag held like a chump.
People don’t really seem to get how big a BILLION is. Tim Cook is worth $2.6 billion, and his investment is $2.9 million. That’s only around 0.1%. It’s nothing compared to his total worth.
Thanks Timmy! Worth a shot. Our stock is in the gutter.
He could be stepping down as Apple's CEO next year. Helping to revive Nike could be a nice project for him
a green shoot of optimism