YOUR BUSINESS AUTHORITY
Springfield, MO
O’Reilly Automotive Inc. (Nasdaq: ORLY) executives are capitalizing on the company’s rising share price.
The Springfield-based auto parts retailer first posted a new 52-week high of $310 on July 26. New highs were recorded on Aug. 2, at $310.11, Aug. 3, at $312.99, Aug. 6, at $315.86, and this morning, at $316.57. The stock’s 52-week low is $186.82.
As shares increase in value, O’Reilly Automotive Chief Financial Officer Tom McFall has made the largest recent trades among other executives in the company, according to U.S. Securities and Exchange Commission filings.
Through trades on Aug. 2-3, as well as July 31, McFall sold an aggregate 58,120 shares for roughly $15 million. He utilized the SEC transaction code M, through which executives can execute their rights to buy shares at set rates and sell them at market prices.
On Aug. 2, Executive Vice President of Store Operations and Sales Brad Beckham bought and sold 5,000 shares via code M to make $1.2 million, according to a separate filing.
The following day, O’Reilly Automotive board Chairman David O’Reilly sold 2,500 shares at a value of $776,405, according to an SEC filing.
The company recently reported its second-quarter earnings rose 25 percent to $353.1 million.
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