Nike CEO Hill Elliott buys 23,660 shares at $42.26 amid -44.2% decline from 52-week high; 3 insiders also bought within 14 days.
Hill Elliott purchased 23,660 shares of NKE at $42.26 on 2026-04-13 for $999,999.83, increasing his holdings to 265,247 shares from 241,587 shares. The purchase occurs while Nike's stock trades $44.20, down 44.2% from its 52-week high of $79.24 and down 18.1% over the past 30 days, amid annual revenue decline of -9.8% and a P/E of 16.81. A cluster pattern is evident: 3 other insiders also purchased shares within the past 14 days. However, Elliott's prior buy at NKE on 2025-12-29 showed negative 90-day return of -15.9%, and his cross-ticker track record shows 0 of 1 prior buys were well-timed at the 90-day mark, with an average 90-day return of -15.9%. The timing of this acquisition relative to recent price weakness and coordinated insider buying activity warrants observation, though Elliott's historical execution at this ticker has not demonstrated favorable outcomes.