Tim Cook and Nike CEO Drop $2.1 Million on Shares -- Bold Bet or Wishful Thinking?

Tim Cook boosts Nike investment with fresh $1M share purchase

Regulatory filings show that Tim Cook has once again increased his stake in Nike, bringing his holdings to 130,480 shares.

Nike board member Tim Cook pumps another $1M into shoe-maker's stock

Apple CEO Tim Cook is on Nike's board. In what has been seen as a vote of confidence, Cook made a purchase of $1 million of the shoemaker's stock.Tim Cook's custom-made sneakers from an iPad Pro launch - Image source: Apple via HypebeastTim Cook has a long-time relationship with shoe and fitness brand Nike that has lasted for two decades. On Friday, the Apple CEO deepened his dealings by buying more Nike stock.In a filing with the Securities and…

Tim Cook buys another $1 million worth of Nike shares — a much-needed vote of confidence

The market and Jim Cramer applauded the move.

Nike Shares Rise as CEO Elliott Hill and Apple’s Tim Cook Buy More Stock

Nike CEO and president Elliott Hill and lead director Tim Cook, Apple's CEO, bought more stock in the Swoosh.

Tim Cook and Nike CEO Drop $2.1 Million on Shares -- Bold Bet or Wishful Thinking?

The post Tim Cook and Nike CEO Drop $2.1 Million on Shares — Bold Bet or Wishful Thinking? appeared first on 24/7 Wall St.. Quick Read Nike (NKE) CEO Elliott Hill and Apple (AAPL) director Tim Cook each purchased roughly $1 million in Nike stock at $42 per share in mid-April, signaling insider confidence in the valuation. The company reported flat revenue of $11.3B, a 35% drop in net income to $520M, and a 130-basis-point gross margin contract…