Car-Mart exec sells
shares for $863,579
The president and chief financial officer of used-car company America's Car-Mart, Jeff Williams, sold company shares valued at nearly $864,000, according to a filing with the Securities and Exchange Commission.
Williams is to move into the chief executive position at the first of the year. Williams has been with the company for 12 years and recently served as the chief financial officer until his promotion to president in March 2016.
Williams exercised his option to buy 54,000 shares at $11.90 each and then sold 36,171 shares Tuesday, earning $863,579 on the transaction, according to the documents. Williams still directly owns 55,279 shares after the sale.
In mid-August, Car-Mart CEO Hank Henderson said he would step down at the end of the year. He has been with the company for 30 years and headed it for the past decade.
-- John Magsam
Stock up 7.6% after
Tyson lifts forecast
Shares of Tyson Foods Inc. rose almost 8 percent Friday, a day after the company adjusted its earnings outlook and announced plans to eliminate 450 jobs.
The shares rose $5, or 7.6 percent, to close Friday at $70.45 in heavy trading volume.
On Thursday, two days before the close of Tyson's fiscal year, the company adjusted projected 2017 earnings to $5.20 to $5.30 a share, up from $4.95 to $5.05.
The Springdale company cited unexpectedly strong beef performance for the earnings rise.
Ken Shea, a senior food and beverage analyst at Bloomberg, said the company showed confidence in other business sectors, primarily chicken, during a conference call Friday with analysts.
Tom Hayes, Tyson's president and chief executive officer, said the company's Green Forest chicken plant, scheduled to open soon, will bolster the company's performance.
-- Nathan Owens
Index climbs 3.05,
ends day at 368.03
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 3.05 to 368.03 to close out the third quarter Friday.
Nine stocks declined in the quarter, eight advanced and one was unchanged.
Windstream shares fell to a 52-week low.
For the week, 13 stocks rose, four fell and one was unchanged.
P.A.M. Transportation gained 13 percent for the week.
Uniti Group fell 11.2 percent for the week.
Total volume on Friday for the index was 40.1 million shares. The average daily volume for the week was 35.1 million shares.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 09/30/2017