Nike's newly appointed CEO Elliott Hill has joined company insiders in buying shares, signaling confidence in the apparel giant's turnaround. The move gains credibility as the company works through its massive inventory backlog—a critical drag on margins that's now approaching resolution. What's particularly noteworthy? Hill's conviction arrives amid broader market pessimism toward the stock. Analysts point to 2026 as a potential inflection point for Nike's China operations, where normalized demand could reignite growth. Insider accumulation combined with improving inventory metrics suggests management sees tangible catalysts ahead, making this one worth monitoring for value-oriented investors.