Leadership Change Lifts NIKE Stock 8% in a Week: Is It Time to Hold?
NKENIKE(NKE) ZACKS·2024-09-26 00:40

NIKE Inc. (NKE) stock has made a notable comeback, with shares rising as much as 8.1% in the past week. The rebound comes after the company welcomes long-time veteran Elliott Hill as the new president and CEO. In addition, Hill will join the NIKE board of directors and serve on the Executive Committee.Elliott Hill is expected to assume his new role effective Oct. 14, 2024, after John Donahoe steps down completing his long tenure, which began in January 2020. However, John Donahoe will remain an advisor thro ...