Apple CEO Tim Cook is doubling down on his Nike stock ownership, with his purchase of close to $3 million in shares seen as an endorsement of the sports brand’s turnaround strategy.
Tim Cook’s custom-made sneakers from May’s iPad Pro launch – Image source: Apple via Hypebeast
Tim Cook is well known for having a long-time relationship with Nike, and it’s one that he recently deepened. Now, has almost doubled his personal holdings in the brand.
In a Form 4 filing released by the company on Tuesday, Cook bought 50,000 shares in Nike on Monday, reports Yahoo Finance. At an average price of $58.97 per share, that is an investment of $2.95 million in Nike.
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