Stock market anomaly|Apple (AAPL.US) CEO Cook increased his holdings, Nike (NKE.US) rose more than 2.6% in pre-market trading.
According to the Finance and Economics APP, Nike (NKE.US) rose more than 2.6% before the market opened on Wednesday, trading at $58.86. In terms of news, Apple (AAPL.US) CEO Tim Cook personally purchased nearly $3 million worth of Nike stock. Cook has been serving on Nike's board of directors since 2005 and is the company's lead independent director. Cook himself often wears Nike collaboration sneakers to Apple events. According to an SEC regulatory filing released on Tuesday, Cook purchased 50,000 shares of Nike stock at a price of $58.97 per share.
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