NKE's Greater China revenues slid 17% in Q2 fiscal 2026 as weak demand and local competition weigh, even as recovery efforts ramp.
Nike's shares jumped 4.1% on Dec. 31 after its CEO bought about $1 million in shares, a confidence signal that helped the stock stand out in thin trading.
Nike's stock surged Wednesday after CEO Elliott Hill disclosed open-market purchases — a week after Apple CEO and board member Tim Cook did the same.
Nike Inc (NYSE:NKE, XETRA:NKE) shares are set to open about 2.6% higher after it was disclosed that the athletic apparel and footwear brand's CEO Elliott Hill has purchased $1 million in shares. According to a Form 4 filing with the US Securities and Exchange Commission, Hill bought 16,388 shares of Nike Class B stock on December 29 at an average price of about $61.10 per share, for a total investment of approximately $1 million.
Nike insiders picked up shares as the retailer wrapped up a hard year in the market. Shares of Nike have tumbled around 19% in 2025, putting the stock on pace to see its fourth straight year in the red.
NKE is betting on its Sport Offense sport-led innovation and faster cycles to rebuild brand heat, fix channels and reignite growth across key markets.
Nike is executing a turnaround under new CEO Elliott Hill, focusing on performance categories and wholesale channel repair. North America revenue grew 9% YoY in Q2, driven by the 'Win Now' strategy, while China sales fell 17%, highlighting regional divergence. NKE trades at a 43% discount to its 5-year average forward EV/Sales, offering significant rerating potential as turnaround gains materialize.
NKE's wholesale rebound is lifting revenues, but digital sales are lagging as promotions fade and traffic softens, raising doubts about channel balance.
The nostalgic Total 90 product line is central to Nike's World Cup plans. It just never renewed the trademark rights.
Tim Cook bought $3 million in Nike shares, nearly doubling his stake in the company. Nike shares jumped after Cook's purchase, signaling support for CEO Elliott Hill's turnaround plan.
A vote of confidence from the leader of one big brand is helping the shares of another today.
Nike Inc (NYSE:NKE, XETRA:NKE) shares moved higher before Wednesday's opening bell on the news that board member Tim Cook purchased 50,000 shares of the company's common stock. According to a regulatory filing, the transaction was completed on December 22 at an average price of approximately $58.97 per share, for a total investment of about $2.95 million.