News: A.B. Johnson’s stock has surged 10% since the company announced its plans to buy the stock from the company’s parent company in April.
The stock has gained $7.7 billion in value since it was announced in April 2016, according to FactSet data.
Johnson has been an outspoken critic of the stock, saying it’s the “worst performance we’ve seen” for the stock.
In May, Johnson announced a $500 million investment to help build a new research center in Atlanta, GA that will use artificial intelligence to identify companies that could help with the company.
Johnson, who is currently under investigation by the Justice Department for potential crimes related to his company’s stock, is one of the largest public stockholders in the company and is the highest-paid CEO in the industry.
Johnson announced the deal with the Atlanta Regional Commission on June 25, but the company has yet to release details on how the investment will be used.
Johnson told reporters in May that he would sell all his stock in the two companies and that he intends to use it to help the city of Atlanta grow.
Johnson has been a vocal critic of MLM stock since he took over as CEO in 2016, saying its performance was “unacceptable.”
Johnson also took a shot at President Donald Trump, saying the president is “playing the race card” by accusing Johnson of being involved in the illegal sale of MLMs stock to buy a political advantage.
He has also criticized other MLM companies that are trying to boost their stock prices, including WalMart, Target and Toys R Us.