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Ollie’s Bargain Outlet executive chairman sells $348k in stock
Ollie’s Bargain Outlet Executive Chairman John W. Swygert sold 3,898 shares of common stock for $348,481, with the sale occurring as shares approached their 52-week low. This transaction was part of a pre-arranged trading plan, and Swygert also acquired shares through restricted stock unit conversions, some of which were disposed of to cover tax obligations. The company recently reported strong Q4 comparable sales, leading to varied analyst price target adjustments, and announced a leadership transition in its merchandising department.