Tim Cook doubles Nike stake to $6M, Wall Street takes notice‎

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 HypebeastTim 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. Continue Reading on AppleInsider | Discuss on our Forums