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Nike Shares Get a Lift After Tim Cook and Elliott Hill Buy More Stock.
stock :: 10hrs ago :: source - wsj
By Inti Pacheco
Apple Chief Executive Tim Cook and Nike CEO Elliott Hill just gave Nike’s stock another boost. The sneaker company's stock price rose 2% in after-hours trading after Hill and Cook, the lead director on Nike’s board, disclosed they had bought nearly 50,000 shares in Nike between them. Cook and Hill's purchases provided a jolt of support for Nike, whose turnaround has hit snags--especially in China.
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