Nike CEO Elliott Hill bought 16,388 Nike shares on Monday according to SEC filing

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The filing showed that CEO Elliott Hill bought about 16,000 shares of Nike. Somebody quickly do the math on what that is. Remember last week we got news that Tim Cook and former Intel CEO Bob Swan also bought shares worth about $3.5 million combined. So you had Karen Tim Cook,

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Bob Swan, and now you got the CEOs newish but coming back to the company stepping in. $16,000

Karen (?) 00:27.080

is actually not that much. Million dollars.

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That's

Karen (?) 00:29.320

why I was trying to do the math. Yes. I did the math. At first I thought 60 million. No.

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Would you come up with what's the number? It's a million

Karen (?) 00:34.200

and change. Exactly

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a million. Well,

Guy Adami (?) 00:35.600

it probably was a million dollars.

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Probably or is. Yeah.

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Think about it. Yeah 16,000 is an odd number. He probably said here's a million bucks. How many shares can I buy?

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So so there's the headline. Ellie

Karen (?) 00:48.880

I don't know that that's a vote of confidence.

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To be honest

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The news alert just crossed

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It's better than selling it. Let's Let's sell

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it. If you want to sell 16 shares of Nike, that would be a different issue.

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True.

Karen (?) 01:00.000

It's

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selling 16,000 It layers on to the news that Tim Cook, who didn't have to buy anything, came in with his own cash

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and

Karen (?) 01:09.680

bought and bought more than

Karen (?) 01:10.400

that. 2.6 million

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And Bob Swan.

Karen (?) 01:13.520

I don't know how much Bob Swan bought. So

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Well, he would have bought about 500,000 because according to Guy Domi's math, Tim Cook bought 3 million. So I'm just trying to do basic math here on live national television.

Karen (?) 01:24.880

Yeah. I I I mean, okay, he should. He should buy that much. If he doesn't want to buy at that price. I mean, why should we? But I am long. That's a sad thing to to feel.

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Look, it's not a bad thing, obviously. It's not

Karen (?) 01:37.200

bad, but it could be better. It could be better.

Guy Adami (?) 01:39.080

I think to Karen's point. When Jamie Diamond, I think it was 2018, was it February? I forget exactly when it was. The market was getting crushed on a Friday and news came out that Jamie Jamie Diamond had bought a few Yeah, shares of JPMorgan stock. And I think the stock was

Guy Adami (?) 01:55.240

trading about 50 something dollars at the time. It never looked back. That to me is sort of a line in the sand. He might as well bought a couple pair of Nikes. You

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got to I won't Nobody else is First off First off I love all of you. But you got you got somebody buys a million dollars with the stock and like yeah

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We We don't We We don't know We don't know what it is. His accountant probably told him to do it. We don't know what the real true ramifications. We We have no clue. I mean it's not like he's sitting there putting around saying I have a million bucks Yeah, I just I think you

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should buy a million shares of Nike. Yeah, just something there's a rounding error with some type of wealth

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balance. I I hope one day everybody watching and listening listening. For them a million dollars is a rounding area. That's my holiday wish. That's like a scene

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out of the Godfather. Out there.

Karen (?) 02:37.320

We're fine How much money does he make this on a 17 I will

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