06:43 AM EDT, 08/15/2024 (MT Newswires) -- Nike ( NKE ) shares were trading 4% higher in recent premarket trading after billionaire investor William Ackman's Pershing Square Capital Management disclosed a new investment in the sportswear company.

Pershing Square's latest 13F filing showed it holds over 3 million shares in Nike ( NKE ) worth $229.1 million.

Price: 81.86, Change: +3.34, Percent Change: +4.25