The Nike chairman and co-founder unloaded $93 million in shares.
Nike head Phil Knight has sold $93 million in Nike stock, beginning Oct. 14 when the Dow Jones Industrial Average rose back above 10,000.
Nike closed Monday on the New York Stock Exchange at $66.09, up 99 cents or 1.5 percent, trading at a 52-week high. It is within reach of its all-time high of $70.60 on March 24, 2008.
From Wednesday to Friday, Knight sold 1.4 million shares in 245 transactions at $64.23 to $65.24 apiece, according to documents filed with the U.S. Securities and Exchange Commission. The filings suggest he might sell another 3.5 million shares in coming days or weeks.
Read the full story at OregonLive.com.
{biztweet}Nike Phil Knight shares{/biztweet}
