FMP

FMP

Enter

Nike Shares Surge 6% After Announcing Elliott Hill as New CEO

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Nike (NYSE:NKE) announced that Elliott Hill will assume the role of President and Chief Executive Officer on October 14, following the retirement of current CEO John Donahoe. After the announcement, Nike’s shares surged more than 6% in pre-market today.

John Donahoe will step down from his position and the Board of Directors on October 13 but will continue to advise the company until January 31, 2025, to ensure a seamless leadership transition.

Mark Parker, Executive Chairman of Nike, praised Hill’s global expertise and deep understanding of the industry, expressing confidence in his ability to lead Nike moving forward. Parker also acknowledged Donahoe’s impactful leadership, particularly during the challenges of the COVID-19 pandemic and his role in advancing the company's community-focused initiatives.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 16, 2024 8:06 PM - Gordon Thompson

Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges

On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep