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O’Reilly Auto execs trade shares as stock hits 52-week high

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Amid rising stock prices in 2018, O’Reilly Automotive Inc. (Nasdaq: ORLY) officers executed contractual rights to buy and sell shares.

O’Reilly Auto shares have risen from a Dec. 29 close of $240.54 to a new 52-week high of $279.23 set Jan. 25. That represents 16 percent growth, according to Nasdaq stock records. The company’s 52-week low is $169.43, and its shares were trading at $273.90 as of 9:32 a.m.

Company executives who recently made trades include Senior Vice President of Finance and Controller Jeremy Fletcher, who bought 10,000 shares at a set rate and sold them at market prices under the U.S. Securities and Exchange Commission’s transaction code M. Fletcher made $2.4 million off the Jan. 24 trading.

Fletcher on Jan. 19 and Jan. 5 made similar code M trades, netting $925,600 and $324,600, respectively, according to SEC filings.

Atop Jan. 3 trades that netted him $2.2 million, Jeffrey Groves, O’Reilly Auto’s senior vice president of legal and general counsel, on Jan. 19 executed his contractual code M rights to buy and sell 5,000 shares. He earned $1.2 million on the latest trades.

Springfield Business Journal previously reported on Co-President Jeff Shaw’s Jan. 3 trading that netted him $2.3 million, as well as Senior Vice President of Inventory Management Randy Johnson making $227,438 early this month.

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