Cumulus Media CFO Buys 25,000 Shares Of Company Stock
April 4, 2013 at 4:20 AM (PT)
CUMULUS MEDIA CFO JOSEPH P. HANNAN purchased 25,000 additional shares of the company's stock last week, upping his holdings to 70,943 shares. NASDAQ reports, "This buy comes after a press release reporting the hiring of a new SVP/National Sales as well as the contract extension of several favorite radio personalities nationwide."
HANNAN bought the shares at a price of $3.30. The total transaction amount was $82,500.
"HANNAN has shown to be a good investor in his company," notes NASDAQ. "The last time he bought CUMULUS shares was in AUGUST 2012. Since that transaction the price of the stock has increased 20.82%."