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Post #1393
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๐ Tim Cook bought $3 million worth of Nike shares
๐ฐ The Apple CEO purchased a stake of 50,000 shares in the sportswear brand. Cook has been a member of Nikeโs board of directors since 2005.
๐ The deal comes amid the companyโs recent challenges and a drop in its stock price. The market reacted instantly to the show of support from the top executive, with shares jumping 5.1%.
๐ช Investors interpreted the purchase as a signal that the stock has bottomed out and that the brand is poised for a recovery.
#finance @iPhone
๐ฐ The Apple CEO purchased a stake of 50,000 shares in the sportswear brand. Cook has been a member of Nikeโs board of directors since 2005.
๐ The deal comes amid the companyโs recent challenges and a drop in its stock price. The market reacted instantly to the show of support from the top executive, with shares jumping 5.1%.
๐ช Investors interpreted the purchase as a signal that the stock has bottomed out and that the brand is poised for a recovery.
#finance @iPhone
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