Nike (NYSE: NKE) stock finished up 5% on Tuesday even as there was no company-specific news out on the stock.

Instead, the main driver of the gains came from a surprising source.  stock soared 25% after it named a new CEO to drive a turnaround in the company after the business had faltered under CEO Laxman Narasimhan.

A 25% jump on a new CEO might be unprecedented, especially for a company the size of Starbucks, and it seems to have Nike investors thinking that a similar move could benefit them.

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Source Fool.com