Nike up after CEO Hill buys additional stocks

Nike

14/04/2026 22:45

** Shares of sportswear giant Nike NKE.N up ~2% at $44.98 in extended trading

** SEC filing shows CEO Elliott Hill bought 23,660.235 shares at $42.265 apiece on April 13

** Hill bought roughly $1 million of the company's stock last year, while Apple AAPL.O CEO and Nike board director Tim Cook purchased $3 million

** Last month, Nike forecast a surprise drop in sales, citing weak demand in China and pressures stemming from the Middle East conflict, testing its months-long turnaround

** Co is also in exclusive talks to sponsor footballs for European men's matches edging out rival Adidas

** NKE down nearly 31% so far this year

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))