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Papa John's founder unloads 3.8 million company shares
Papa John's founder John Schnatter has been selling his shares in the company but remains its largest shareholder.
The stock, which has a market value of $1.5 billion, is up 16% so far this year.
Earlier this month, Schnatter said in a regulatory filing that he had solicited financial advisers for help selling all or part of his stake in the company he founded.
Since then, he has sold 3.8 million shares and now owns about 6.1 million shares, according to a regulatory filing Thursday. Schnatter's stake in the company is now about 19%, down from roughly 31% before he began selling shares.
https://www.msn.com/en-us/money/companies/papa-johns-founder-unloads-38-million-company-shares/ar-AABNtV1?li=BBnb7Kz