Lew Dickey Buys More Cumulus Stock
August 8, 2014 at 5:20 PM (PT)
CUMULUS CEO LEWIS W. DICKEY, JR. disclosed in a legal filing with the SECURITIES & EXCHANGE COMMISSION that he acquired 25,000 shares of CUMULUS MEDIA stock on the open market, AMERICAN BANKING NEWS reports. The stock was purchased at an average price of $4.29 per share, for a total transaction of $107,250.
Following his acquisitions, CUMULUS MEDIA stock rose 5% during trading FRIDAY, going from yesterday's closing of $4.24 to as high $4.67 before finishing at$4.45, with a volume of 2,794,553 shares traded.