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Marvin Ellison, one of America’s Black executives, loses $21 million from Lowe’s stake

Summary by Billionaires.Africa
Key PointsMarvin Ellison’s stake in Lowe’s drops $21.08 million in 45 days, falling below $170 million as stock continues to struggle.Lowe's reported a 3.13% revenue decline for fiscal 2024, with earnings dropping 9.95%, reflecting weak consumer demand.Lowe’s stock falls 11.24% in 45 days, dragging market cap under $130 billion and impacting shareholder returns, including Ellison.Marvin Ellison, CEO of Lowe's Companies and one of America’s wealt…
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Marvin Ellison, one of America’s Black executives, loses $21 million from Lowe’s stake

Key PointsMarvin Ellison’s stake in Lowe’s drops $21.08 million in 45 days, falling below $170 million as stock continues to struggle.Lowe's reported a 3.13% revenue decline for fiscal 2024, with earnings dropping 9.95%, reflecting weak consumer demand.Lowe’s stock falls 11.24% in 45 days, dragging market cap under $130 billion and impacting shareholder returns, including Ellison.Marvin Ellison, CEO of Lowe's Companies and one of America’s wealt…

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Billionaires.Africa broke the news in on Friday, April 4, 2025.
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