Nike's hard-hit shares rallied Friday as Wall Street analysts largely welcomed the company's appointment of veteran executive Elliott Hill as its new CEO.

CEO John Donahoe will be stepping down Oct. 13, and will remain an advisor to the company through Jan. 31. He will be replaced by former Nike executive Elliott Hill, who will begi

Shares of Nike Inc. Cl B NKE rallied 6.84% to $86.52 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.09% to 42,

Shares in Nike (NKE) surged after the sneaker company said it was getting a new chief executive. John Donahoe will retire as CEO next month after nearly five years at the helm, Nike said late Thursday.

Nike is bringing back company veteran Elliott Hill to turn the business around. The stock has lagged as competitors have taken market share. Nike's next earnings call is coming in less than two weeks.

Shares of Nike Inc. Cl B NKE inched 1.00% higher to $79.80 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.13% to 5,633.09 and the Dow Jones Industrial Average DJIA rising 0.

U.S. stock index futures on Friday were largely flat, a day after Wall Street ripped gains on soft landing hopes sparked by the Federal Reserve's aggressive 50 basis point interest rate cut. Here are some stocks to watch on Friday:  Shares of Nike (NKE) climbed more than 8% in pre-market trading.