Shares ofNIKE, Inc.(NYSE:NKE) rose sharply in today's pre-market trading after the company announced a CEO transition.

After the market close on Thursday, Nike announced that longtime Nike veteran Elliott Hill will become president and CEO of Nike, effective Oct. 14. Hill will also become a director on the board and a member of the executive committee.

NIKE shares gained 7% to $86.64 in the pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• Banzai International, Inc. (NASDAQ:BNZI) gained 148.1% to $7.12 in pre-market trading. Banzai International shares fell around 18% on Thursday after the...