Benzinga·2026-01-02 07:14Core Insights - CNBC's Jim Cramer highlights a significant insider purchase at Nike Inc. by former Intel CEO Bob Swan, suggesting it as a bullish signal for investors [1][2] - Cramer emphasizes the importance of insider buying, noting that the convergence of purchases from Swan, Apple CEO Tim Cook, and Nike CEO Elliott Hill indicates a strong outlook for the company [3] Insider Activity - Bob Swan acquired approximately 8,700 shares of Nike at an average price of $57.54, which Cramer interprets as a calculated vote of confidence in the company [2][3] - Tim Cook made a notable purchase of 50,000 shares, marking his first open-market transaction in two decades on the board [3] Company Performance and Strategy - Nike is currently navigating a challenging period, with its stock down 13.52% in 2025 due to tariff concerns and slowing momentum [4] - CEO Elliott Hill stated that the company is in the "middle innings" of its turnaround, suggesting optimism for future performance [5] - The stock closed at $63.71, reflecting a 4.12% increase on the last trading day of 2025, although it has seen a decline of 16.60% over the past six months [5]