Jim Cramer Says Insider Buying in Nike Signals “That the Business Is Indeed Turning”

Group 1 - Jim Cramer highlighted insider buying in NIKE, Inc., indicating positive sentiment about the stock's future performance, with notable buyers including the CEO and a former CEO of Intel [1] - Cramer noted that the share price of NIKE has been negatively impacted by previous management but sees signs of recovery and growth in the current year [1] - The presence of insider buying suggests that these individuals believe the stock will appreciate in the long term, as insiders typically buy shares with a positive outlook [1] Group 2 - NIKE, Inc. is recognized as an iconic sportswear brand that promotes a healthier lifestyle through innovative products that combine performance and durability [2] - The company's strong brand and technological advancements provide significant pricing power, which is further supported by an efficient supply chain and distribution network [2] - NIKE's revenue is driven by repeat purchases, with 65% of sales coming from shoes, a category known for customer loyalty, and the company is experiencing mid-single-digit growth in developed markets while growing even faster in emerging markets [2]