Nike Chairman Sells $56.4 Million In Stock

Nike Inc. Chairman Philip Knight has sold about $56.4 million in company stock since January as stock prices rebounded from a slump in the past two years.

Knight sold 600,000 shares of Nike Class B common stock for $44.8 million between March 21 and March 29, according to the Washington Service, which tracks insider buying and selling.

He sold 166,500 shares in January for about $11.6 million, according to Securities and Exchange Commission filings.