Spencer Stein
2K posts
@SteinSpence
Just a man on a mission to live out my dreams with my family...blessed by God...#GOPACKGO other than that, go Sixers and Phils
🟡 INSIDER SELL | $META Javier Olivan (Chief Operating Officer): • Sold 9,330 shares ($5.9M) 52wk: $479.80 - $796.25 Now holds 12,175 shares (-5%) · Direct ownership 10b5-1 plan Txn date: Apr 13 #InsiderSelling
🟡 INSIDER SELL | $META Javier Olivan (Chief Operating Officer): • Sold 9,330 shares ($5.9M) 52wk: $479.80 - $796.25 Now holds 12,175 shares (-5%) · Direct ownership 10b5-1 plan Txn date: Apr 13 #InsiderSelling
🔴 INSIDER SELL | $MU Sumit Sadana (EVP and Chief Business Officer): • Sold 48,000 shares at $421.35 ($20.2M) Near 52wk high ($471.34). Low: $65.65 Now holds 224,021 shares (-10%) · Direct ownership Open market Txn date: Apr 10 #InsiderSelling
🔴 INSIDER SELL | $MU Sumit Sadana (EVP and Chief Business Officer): • Sold 48,000 shares at $421.35 ($20.2M) Near 52wk high ($471.34). Low: $65.65 Now holds 224,021 shares (-10%) · Direct ownership Open market Txn date: Apr 10 #InsiderSelling
🔴 INSIDER CLUSTER SELL | $AVGO 2 insiders sold in the last 7 days: • S. Ram Velaga (President, ISG) — 60,430 shares ($21.3M) • Justine Page (Insider) — 24,036 shares ($8.3M) Total: $29.6M Open market #InsiderSelling
🟢 SEC FILING: BUY | $NKE 2 insiders filed today: • Elliott Hill (PRESIDENT & CEO) bought 47,320 shares ($2.0M) • Timothy D Cook (Director) bought 50,000 shares ($2.1M) Total: $4.1M #InsiderTrading #InsiderBuying
🟢 SEC FILING: BUY | $NKE 2 insiders filed today: • Elliott Hill (PRESIDENT & CEO) bought 47,320 shares ($2.0M) • Timothy D Cook (Director) bought 50,000 shares ($2.1M) Total: $4.1M #InsiderTrading #InsiderBuying
Nike wiped out $200B+ in market cap since November 2021. And the chart actually understates how bad it is. This company made one bet that destroyed everything: the direct-to-consumer pivot. During COVID, Nike's online sales surged, and management convinced themselves the stay-at-home economy was permanent. They pulled product from Foot Locker, Dick's, and thousands of wholesale partners to push buyers through Nike.com and Nike stores. That ceded physical shelf space to On Running, Hoka, New Balance, and every competitor happy to fill the void. By the time Nike brought Elliott Hill in as CEO, customers had already moved on. The China numbers are staggering. Seven straight quarters of declining revenue. Greater China sales dropped 17% last quarter. Next quarter Nike expects a 20% plunge. Meanwhile Lululemon is posting double-digit growth in the same market. Anta and Li-Ning are eating Nike's share from below. Nike's China revenue contribution fell from 18.6% in 2021 to 14.2% in 2025. Yesterday Goldman Sachs, JPMorgan, and Bank of America all downgraded the stock on the same day. Net income fell 35% year over year. Gross margin has declined for seven consecutive quarters. And the stock still trades at 38x forward earnings, a premium over the S&P 500 average of 22x. This is what a slow-motion brand collapse looks like with a luxury multiple attached to it. The turnaround keeps getting pushed further out. Management promised growth by early 2027. Wall Street priced that in. Now it's late 2027 at best. The scariest part: Nike is still the #1 sportswear company by market cap. If this is what #1 looks like, the rest of the industry is running a different race entirely.
