Nike Stock Rises After Elliott Hill Named CEO
NKENIKE(NKE) Investopedia·2024-09-20 06:35

Key TakeawaysNike shares surged in extended trading Thursday after the global shoe and athletic apparel company named Elliott Hill its CEO, replacing John Donahoe.Hill will return to Nike after retiring in 2020, which at the time marked the end of a long career at the company.It's been a tough year for Nike, and Hill will have the task of reviving a stock that lost about a quarter of its value from the start of 2024 through Thursday's close. Nike (NKE) shares surged in extended trading Thursday after the gl ...