Chip Wilson Sells $159.7 Million in Amer Sports Stock

Lululemon founder Chip Wilson sold $159.7 million worth of stock in Amer Sports, a maker of sports equipment. Wilson, who owns a 18% stake in Amer, is monetizing his equity holdings. He previously pledged Lululemon shares to access cash and has over $500 million available from banks. Amer's shares have more than tripled since its IPO last year.