Stock Market
Sherwin-Williams CEO John Morikis Bought Up Shares
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S
herwin-Williams
’ poor outlook in late January sent shares of the paint and coatings giant tumbling.Nonetheless, the company’s top executive bought a large block of stock.
Sherwin-Williams (ticker: SHW) reported strong fourth-quarter earnings on Jan. 26, but that was overshadowed by disappointing guidance. Shares lost a third of their value in 2022, worse than the 19% drop in the
S&P 500
and Sherwin-Williams stock is roughly flat so far this year, after its January slump.
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