YOUR BUSINESS AUTHORITY
Springfield, MO
O’Reilly Automotive Inc.’s (Nasdaq: ORLY) stock has hit multiple 52-week highs in recent days, and its executives have unloaded more than 60,000 shares collectively.
During the final week of October, seven of the Springfield-based auto parts retailer’s officers and board members together made transactions valued at $23.3 million, according to filings with the U.S. Securities and Exchange Commission. In most of the trades, the executives and board members utilized SEC transaction code M, through which they can buy shares at set rates and sell them later at market prices.
Leading the trades was board Chairman David O’Reilly, who made $7.9 million from two transactions involving nearly 20,000 shares Oct. 29-30.
Below are the other trades, by transaction value:
• Greg Henslee, executive vice chairman of the board, $6.2 million;
• Thomas McFall, chief financial officer, $3.6 million;
• Rosalie O’Reilly Wooten, board member, $2.3 million;
• Scott Kraus, senior vice president of real estate and expansion, $1.9 million;
• Jeremy Fletcher, senior vice president of finance and controller, $1.4 million; and
• John Murphy, board member, $109,665.
O’Reilly Automotive last month reported record revenue and net income in the third quarter. Profits were $391.3 million on revenue of $2.7 billion. The company is on track to hit a $10 billion sales goal for the year, according to past Springfield Business Journal reporting.
ORLY shares were trading at $439.46 as of 10:33 a.m., compared with a 52-week range of $319.13 to $446.78, which was reached on Oct. 25.
Connected to Watkins Elementary School is a new storm shelter now under construction.
STL construction firm buys KC company
Updated: Systematic Savings Bank to be acquired in $14M deal
Webster University's deficit triples
Missouri House speaker accused of obstruction in ethics probe
‘Dress for your day’: Companies are relaxing dress codes amid evolving ideas about fashion
Developer targets opening by month's end for $10M apartment complex