Nike's stock is on pace to extend this record losing streak. But Tim Cook is buying.

Core Insights - Apple CEO Tim Cook purchased nearly $3 million worth of Nike stock, effectively doubling his stake in the company following a recent selloff [1] Company Summary - Tim Cook's investment in Nike indicates confidence in the company's future performance amidst market fluctuations [1] - The purchase reflects a strategic move by a high-profile executive, potentially influencing investor sentiment towards Nike [1]