US Stock Market News | Nike Surges Over 5% After Announcing New CEO
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After Nike announced its new CEO, the stock price rose by more than 5% to $85.49. Current CEO John Donahoe will resign on October 13th, and former executive Elliott Hill will take over. Analysts believe that this CEO change is a positive move, but the turnaround process is still long and uncertain. Hill's years of experience and reputation at Nike may inject vitality into the brand
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