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Nike Shares Rise Amid Apple CEO Tim Cook's Influence

Originally Published 18 days ago — by Yahoo Finance

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Source: Yahoo Finance

Nike shares rose about 4.5% after Apple CEO Tim Cook, a Nike board member, bought nearly $3 million worth of Nike stock, signaling confidence in the company's turnaround efforts despite its 20% decline this year. Wall Street analysts remain optimistic with a mean price target around $80, suggesting potential for growth.