Nike stock is higher Friday after the embattled retailer announced a 32-year company veteran will return as its incoming CEO.

--On pace for largest percent increase since Dec. 21, 2022, when it rose 12.18% --Currently up six consecutive days; up 10.87% over this period ...

One analyst said the “highly anticipated leadership change will inject a much-needed sense of urgency” to Nike, whose share price remains down 50% from its 2021 peak.

Wall Street is quieter on Friday, and U.S. stocks are drifting after they leaped to records the day before during a worldwide rally.

Nike is making a bold move to revitalize its brand and recover from a period of financial stumbles, announcing that 32-year ...

Nike ( NKE) investors are running with the idea of 32-year insider Elliott Hill returning the sneaker giant to glory as CEO, ...

Investors are hoping that replacing John Donahoe as chief executive will lift its stock price and restore the brand’s cool ...

On Friday, NIKE, Inc. (NKE) saw a notable increase of +5.59%, bringing its stock price to $85.51 during premarket trading. This movement comes in the wake of significant news regarding a leadership ...

Elliott Hill, a veteran employee at Nike, is returning to the company. But he'll earn over $2 million less than outgoing CEO ...

Nike's new CEO will likely focus on repairing relations with retailers to boost demand, a strategy that took a back seat ...

With Nike's new incoming CEO Elliott Hill, Nike needs to re-focus on innovation and selling great stories around its shoes, ...

BEAVERTON, Ore. — Nike announced Thursday that John Donahoe will retire from his role as president and CEO, effective Oct. 13 ...