Tim Cook, the Chief Executive Officer of Apple, had a nominal spending of some $3 million on acquiring Nike shares and the market trading that commenced with 2% growth and saw the stock valued at $58.97 on 24 December 2025.
Cook bought 50,000 shares of Class B common stock on Monday at a weighted average price of $58.97, for a total value of about $2.95 million.
Recent Nike Struggles
NIKE Inc. released second-quarter fiscal 2026 earnings, with both the top and bottom lines above the Zacks Consensus Estimate.
While revenues increased year over year, profits per share (EPS) decreased. The company’s earnings per share of 53 cents fell 32% from the previous year but exceeded the Zacks Consensus Estimate of 37 cents.
Revenues at NIKE Direct were down 8% on a reported basis and 9% on a currency-neutral basis to $4.6 billion. The decline resulted from a 14% decrease in NIKE Brand Digital and a 3% drop in NIKE-owned stores.
Path Ahead
Although timing is difficult to predict, as the firm’s investments in marketing, merchandise, and stores will bring improvement in this sportswear market, which is expected to expand significantly.
The sales are expected to grow above 5%, and the EBIT margin will exceed 10% in the fiscal year 2028, with projections of analysts based on competitive advantages Nike will have in the sports industry despite a decrease in its revenues to the low-single-digit range and tariffs drag.
