Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Family Dollar CEO Sells Massive Shares

For the second time in two months, Family Dollar (NYSE: FDO) CEO Howard Levine is planning on selling a large portion of his stocks in an effort to diversify his portfolio, according to the Charlotte Business Journal.

Levine sold more than 2 million shares last month, for a total transaction of $134.5 million, Charlotte Business Journal reported.

Family Dollar had quickly become the largest discount retailer in North American, Charlotte Business Journal reported, with more than 13,000 stores and $19 billion in sales.