Investing.com -- Nike Inc. (NYSE: NKE) shares rose 1.5% in after-hours trading Tuesday following insider purchases by director and Apple CEO Tim Cook and company CEO Elliott Hill.

Cook purchased 25,000 shares of Class B Common Stock on April 10, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were acquired at a weighted average price of $42.43 per share in multiple transactions with prices ranging from $42.42 to $42.44. Following the purchase, Cook holds 130,480 shares directly.

Nike President and CEO Elliott Hill acquired 23,660 shares of Class B common stock on April 13, 2026, according to an SEC filing. The transaction was executed at $42.27 per share, representing a total value of approximately $1 million. Following the purchase, Hill holds 265,247 shares directly.

Insider purchases often attract attention from investors as they can signal confidence in a company’s future prospects from those with intimate knowledge of its operations.