US EditionBlack executive Marvin Ellison gains $9.2 million from Lowe’s shares
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Black executive Marvin Ellison gains $9.2 million from Lowe’s shares
Key PointsMarvin Ellison’s stake in Lowe’s surged by $9 million, as his shares climbed to $168.35 million due to a 5.78% rise in stock price. Despite a 3.13% revenue drop, Lowe’s generated $83.67 billion in FY 2024, with net earnings falling 10% to $6.96 billion amid economic pressures.Lowe’s shares are down 8.8% year-to-date, reflecting investor caution despite a recent stock rally lifting its market cap to over $125 billion.Marvin Ellison, one…
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