CEO Drops $1M Against the Tape
Elliott Hill just bought $1 million of Nike at $42.27 while the stock sits in technical free fall. RSI at 30 screams oversold, but all timeframes are flashing sell signals and momentum shows persistent headwinds. This is the fourth insider buy in 30 days, creating a cluster pattern that's historically worked 7 out of 10 times on this name. The contrarian setup is there, but don't chase it until you see some technical stabilization.
The Filing
| Ticker | NKE |
| Company | NIKE, Inc. |
| Insider | Elliott Hill, PRESIDENT & CEO |
| Buy amount | $1.0M |
| Filing date | April 14, 2026 |
| Conviction | Favorable · 78/100 |
| Setup type | Contrarian Setup |
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