Nike board member Tim Cook pumps another $1M into shoe-maker's stock

Apple CEO Tim Cook is on Nike's board. In what has been seen as a vote of confidence, Cook made a purchase of $1 million of the shoemaker's stock. Tim Cook's custom-made sneakers from an iPad Pro launch - Image source: Apple via Hypebeast Tim Cook has a long-time relationship with shoe and fitness brand Nike that has lasted for two decades . On Friday, the Apple CEO deepened his dealings by buying more Nike stock. In a filing with the Securities and Exchange Commission, Cook bought 25,000 Nike shares on April 10. At a value of approximately $42.43 apiece, that works out to be a total purchase of $1.06 million. Continue Reading on AppleInsider | Discuss on our Forums

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