As shares in the company rise in value to start the new year, O’Reilly Automotive Inc. (Nasdaq: ORLY) executives have engaged in a bevy of stock trades.
The officials executed their contractual rights to buy shares at a set cost and sell them at market prices under the U.S. Securities and Exchange Commission’s transaction code M.
The trades by four O’Reilly Automotive executives were led by co-President Jeff Shaw. On Jan. 3, he bought 10,000 shares at $22.65 apiece and sold them for $250 apiece, netting $2.3 million, according to an SEC filing.
The other trades this month were:
• Senior Vice President of Legal and General Counsel Jeffrey Groves, who bought 10,000 shares at $33.68 apiece and sold them for roughly $252.52 apiece to net $2.2 million;
• Senior Vice President of Finance and Controller Jeremy Fletcher, who made $324,600 after buying and selling 1,500 shares; and
• Senior Vice President of Inventory Management Randy Johnson, who netted $227,438 off the purchase and sale of 1,040 company shares.
O’Reilly Automotive shares have been in growth mode so far this year, climbing from a Dec. 29 close of $240.54 to as high as $261.26 yesterday. The company’s 52-week range is $169.43 to $283.82.
The Springfield-based auto parts retailer is scheduled to release its fourth-quarter and full-year earnings results on Feb. 7. In the third quarter, the company reported a 2 percent increase in profits to $283.7 million.
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