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Tim Cook increases Nike stake with $3M stock purchase

Apple CEO Tim Cook bought about 50,000 Nike shares worth nearly $3 million, boosting his stake as Nike stock rose in early trading.
Apple’s CEO Tim Cook disclosed he bought roughly 50,000 Nike Class B shares in an open-market transaction on December 22, spending about $2.95 million at an average price near $58.97 per share. Cook, who serves as Nike’s lead independent director, now holds over 105,000 Nike shares. Nike stock rose in early trading after the regulatory filing appeared.