WACO, Texas (KWTX) Nike stocks have reached an all-time high Friday afternoon. but that doesn't mean a thing to some people who are boycotting the athletic brand.
Texas Farm Bureau has informed employees they are not allowed to wear Nike apparel while on the job.
Texas Farm Bureau Director of Communications Gene Hall said the company chose to do this to avoid controversy.
Employees received this statement in an email:
“There is a wide range of viewpoints on the Nike controversy. Texas Farm Bureau and Affiliated Companies employees are asked to not wear Nike branded apparel while representing the companies. We are choosing to remove our companies from this controversy by discontinuing the use of Nike branded apparel for business purposes. The attire you choose on your own time is a personal matter.”
After the recent dip in stock after the former NFL quarterback Colin Kaepernick advertisement, Nike stocks were on the rise as of Friday afternoon.
The stocks closed at $83.49 this Friday.