New Nike CEO Elliot Hill is inheriting “a turnaround that has yet to show momentum,” according to Stifel analyst Jim Duffy.

One analyst said the “highly anticipated leadership change will inject a much-needed sense of urgency” to Nike, whose share price remains down 50% from its 2021 peak.

Nike (NKE) stock popped more than 7% in early trading Friday after the company named a new CEO amid its efforts to reinvigorate slowing sales growth. Nike said Thursday that Elliott Hill, a former ...

Dow Jones futures fell Friday as Nike surged after announcing a leadership change. FedEx stock plunged on earnings news.