Nike Director Timothy D. Cook Buys 50,000 Shares for $2.95M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2025
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Source: NASDAQ.COM
- Insider Purchase: Nike's Director Timothy D. Cook purchased 50,000 shares at $58.97 each for a total investment of $2.95M, marking his first buy in the past twelve months, which indicates strong confidence in the company's future prospects.
- Stock Price Surge: Nike's stock rose approximately 4.8% on Wednesday, reflecting positive market sentiment towards Cook's purchase, which may bolster investor confidence and encourage further investments in the stock.
- Vestis Transaction Update: Meanwhile, Douglas A. Pertz bought 25,000 shares of Vestis at $6.90 each for a total of $172,445, marking his second purchase in the past year, demonstrating ongoing optimism about the company.
- Market Performance: Vestis saw a 3.3% increase in trading on Wednesday, indicating that the market is responding positively to Pertz's buying activity, which could further drive the company's stock price upward.
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Analyst Views on NKE
Wall Street analysts forecast NKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NKE is 76.11 USD with a low forecast of 62.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
14 Buy
7 Hold
0 Sell
Moderate Buy
Current: 62.600
Low
62.00
Averages
76.11
High
110.00
Current: 62.600
Low
62.00
Averages
76.11
High
110.00
About NKE
NIKE, Inc. is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The Company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities. It also designs products specifically for the Jordan Brand and Converse. The Jordan Brand designs, distributes and licenses athletic and casual footwear, apparel and accessories predominantly focused on basketball performance and culture using the Jumpman trademark. The Company also designs, distributes and licenses casual sneakers, apparel and accessories under the Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell trademarks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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