Monday, November 27, 2017 10:15 PM ET
Entercom Communications (ETM) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
One insider — Joseph M Field, Director and Officer — today, bought 168,162 shares of Entercom Communications having a market value of approximately $1,985,665, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 25,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 193,162 shares and have averaged 96,581 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Entercom Communications is above the 11-company peer group average. Radio Broadcasting peer group saw 8 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Entercom Communications insiders was also higher. Within the peer group there were 25,000 shares purchased and 83,528 shares sold with company insiders selling 7,316 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write this story.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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