Why Apple's Tim Cook Drove Nike Stock Higher Today

Key Points Apple's Tim Cook nearly doubled his stake in Nike. That vote of confidence has investors thinking Nike stock has bottomed. 10 stocks we like better than Nike › Nike (NYSE: NKE) shares surged on this holiday-shortened trading day. It might not be for a reason you would think, though. The global footwear and apparel maker has had a rough year. Even amid great overall market returns, Nike shares have plunged 20% this year. Most recently, the shares dropped sharply after the company reporte ...