According to regulatory documents, Apple (AAPL.US) CEO Tim Cook holds nearly $3 million in shares of sportswear brand Nike (NKE.US). Following the news, Nike's stock price rose over 2% in pre-market trading.
The documents indicate that Cook, who has been a board member of Nike since 2005 and serves as the lead independent director, purchased 50,000 shares at a price of $58.97 per share, totaling nearly $2.95 million

AAPL

According to regulatory documents, Apple CEO Tim Cook holds nearly $3 million in shares of the sportswear brand Nike. Following this news, Nike's stock price rose over 2% in pre-market trading. The documents indicate that Cook, who has been a board member of Nike and serves as the lead independent director since 2005, purchased 50,000 shares at a price of $58.97 per share, totaling nearly $2.95 million

Nike pre-market rose 2% as Apple CEO invested nearly $3 million in shares