YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
An O’Reilly Automotive Inc. executive (Nasdaq: ORLY) sold more than $1 million worth of shares last week.
Jonathan Andrews, the company's senior vice president of human resources and training, netted $1.1 million in the Nov. 9 stock deal, according to a U.S. Securities and Exchange Commission filing. He utilized SEC transaction code M, through which executives can buy shares at set rates and sell them later at market prices. The trade involved 3,125 shares.
Separately, board member Raymond Murphy on Oct. 12 sold 200 shares for $90,468, according to an SEC filing.
ORLY shares were trading at $458.39 as of 11:56 a.m., compared with a 52-week range of $251.52 to $487.95.
The trades by Andrews and Murphy are the only to be made so far in November by O’Reilly Automotive executives or board members.
O’Reilly Automotive last month reported a nearly 35% increase in quarterly profits to $527.3 million.
Guest columnist Donnie Brawner says many entrepreneurs stray from their original business ventures, which is often a recipe for success.
