Insider Buying: Townsquare Media Director Acquires 6,700 Shares of Stock (TSQ)
Townsquare Media (NYSE:TSQ) Director David Lebow acquired 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of $11.00 per share, for a total transaction of $73,700.00. Following the completion of the purchase, the director now directly owns 34,556 shares of the company’s stock, valued at approximately $380,116. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Townsquare Media (NYSE:TSQ) remained flat at $10.70 during during mid-day trading trading on Tuesday. The stock had a trading volume of 99,903 shares. Townsquare Media has a 1-year low of $9.93 and a 1-year high of $10.85. The stock has a 50-day moving average of $10.53 and a 200-day moving average of $10.53. The company has a market cap of $178.5 million and a P/E ratio of 65.64.
Townsquare Media, LLC is an integrated and diversified media and entertainment company. The Company owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States, delivering to the communities it serves on a local level.
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