While Nike’s (NKE) stock price has endured a severe bearish trend<\/strong>, losing over 60% of its value over the past four years, the Apple boss has decided to take action. According to a filing with the SEC, Tim Cook acquired 50,000 Class B shares<\/strong> at a unit price of $58.97<\/strong>.<\/p>\n\n\n\n This $2.94 million<\/strong> investment is not going unnoticed. As Nike’s lead independent director on the board, Cook is sending a powerful signal to the market: he believes the asset is currently undervalued and in an accumulation<\/strong> zone. For investors familiar with crypto cycles, seeing an insider buying massively after such a retracement<\/strong> strongly resembles the defense of a critical support level.<\/p>\n\n\n\n Buy your stocks like a pro with Pionex<\/a>‘s free trading bots<\/strong>. Plus, receive $1,000 in bonuses<\/strong> to test them:<\/p>\n\n\n\n