Insider Selling: General Communication COO Sells 5,000 Shares of Stock (GNCMA)
General Communication (NASDAQ:GNCMA) COO Gregory F. Chapados sold 5,000 shares of the stock on the open market in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.43, for a total transaction of $57,150.00. Following the completion of the transaction, the chief operating officer now directly owns 334,766 shares of the company’s stock, valued at approximately $3,826,375. The transaction was disclosed in a filing with the SEC, which is available at this link.
General Communication (NASDAQ:GNCMA) traded down 2.70% during mid-day trading on Monday, hitting $11.19. 238,605 shares of the company’s stock traded hands. General Communication has a one year low of $7.67 and a one year high of $11.75. The stock has a 50-day moving average of $10.36 and a 200-day moving average of $9.56. The company has a market cap of $452.7 million and a P/E ratio of 28.33.
Provides transmission of interstate and intrastate private line and switched message long distance telephone service between Anchorage, Fairbanks, Juneau and other communities in Alaska, the continental United States, and foreign countries.
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