• WAL-STOCK: Wal-Mart Stores Inc.’s chairman, S. Robson Walton, sold 1.3 million shares of his firm’s common stock, or 17.7 percent of the common stock he controlled indirectly, in several transactions last Tuesday and Wednesday, according to filings with the Securities and Exchange Commission. The sales were made at prices ranging from $56 to $56.70 per share and left Walton with 6.1 million shares of the retailer’s common stock, a fraction of a percent of the firm’s 4.4 billion shares outstanding as of April 30. In other news, Wal-Mart on Friday opened its first Sam’s Club unit in Beijing. The company operates 26 stores elsewhere in China.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus