Insider Selling: Christopher J. Henderson Sells 8,750 Shares of Salem Communications Corp. Stock (SALM)
Salem Communications Corp. (NASDAQ:SALM) SVP Christopher J. Henderson unloaded 8,750 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $9.50, for a total transaction of $83,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Salem Communications Corp. (NASDAQ:SALM) traded up 1.06% during mid-day trading on Tuesday, hitting $9.56. The stock had a trading volume of 44,833 shares. Salem Communications Corp. has a 52-week low of $7.20 and a 52-week high of $10.34. The stock’s 50-day moving average is $8.79 and its 200-day moving average is $9.00. The company has a market cap of $240.4 million and a price-to-earnings ratio of 14.74.
Salem Communications Corp. (NASDAQ:SALM) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.15. On average, analysts predict that Salem Communications Corp. will post $0.51 earnings per share for the current fiscal year.
Salem Communications Corporation (NASDAQ:SALM) is a domestic multi-media company with integrated business operations covering radio broadcasting, publishing and the Internet.
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