Nike Stock Sprints Higher After The Bell As Bill Ackman's Pershing Square Reveals New Stake

$Nike (NKE.US)$ shares surged 4.88% in after-hours trading on Wednesday following a disclosure that Bill Ackman’s Pershing Square has acquired a new stake in the company. According to a 13F filing with the SEC, Pershing Square now owns 3.04 million shares of Nike, valued at approximately $230 million.

This development comes amid speculation that Nike could attract activist investors, similar to $Starbucks (SBUX.US)$ ' recent CEO-driven surge. There is also unconfirmed chatter about Dave Powers, former CEO of Deckers, potentially taking over at Nike.

Pershing Square had previously invested in Nike in 2017, making a $100 million profit before selling the stake about six months later.