Representative Kevin Hern Unloads NIKE Shares Amid Brand's Turbulent Year

Representative Kevin Hern recently unloaded shares of NIKE (NYSE:NKE) through his 'KEVIN HERN TRADITIONAL IRA' account.

The sales occurred on August 13th, with Representative Hern selling between $1,001 and $15,000 in NIKE stock. This is one of several trades he made in the past few weeks, including the sale of shares in Marsh & McLennan Companies (NYSE:MRSH), Medtronic (NYSE:MDT), Home Depot (NYSE:HD), Procter & Gamble (NYSE:PG), Lowe's Companies (NYSE:LOW), Microsoft (NASDAQ:MSFT), and Honeywell Aerospace (NASDAQ:HONA).

NIKE has had a tumultuous year, with its stock price plummeting 78% from its all-time high. Despite this, some investors view the brand as a potential long-term buying opportunity if management can restore brand momentum and improve product trends.