Walmart exec Marc Lore sells $10.9 million of company stock

by Talk Business & Politics staff ([email protected]) 3,168 views 

Walmart U.S. eCommerce CEO Marc Lore sold another 85,000 shares of his Walmart stock holdings on April 15. The three large stock transactions netted Lore more than $10.924 million, according to a filing late Friday with the U.S. Securities and Exchange Commission.

This comes on the heels of 85,000 shares sold in mid-March totaling $9.97 million. Lore still has more than 2,321,113 shares of Walmart stock in his personal account worth more than $306.665 million as of Friday (April 17).

He continues to accumulate shares of Walmart from his share of the $3.3  billion payment of Jet.com that was acquired by Walmart in 2016. He also receives shares as part of his deferred compensation as CEO of Walmart.com.

Shares of Walmart (NYSE: WMT) closed Friday (April 17) at $132.12, down 21 cents. For the past 52-week period Walmart shares have traded between a low of $95.85 and a high of $132.97, which was set intraday on Friday.

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