Nike CEO Sells Over 9,000 Company Shares Amid a Declining Stock Price
The athletic apparel giant reported a notable insider sale as shares drop to a 52-week low.
NIKE, Inc.'s CEO, Elliott Hill, sold 9,462 shares of Class B Common Stock on September 1, 2026, according to a SEC Form 4 filing. The weighted average sale price for the transaction was $39.06, while the post-transaction market value on September 1, 2026, closed at $38.12. NIKE, a global leader in athletic footwear and apparel, boasts a market capitalization of $56.5 billion and relies on its iconic brand, extensive distribution, and product innovation to maintain a competitive edge in the consumer cyclical sector.
Brief written by urgent.news from Motley Fool's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
