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ETM - Entercom +7.4% as CEO discloses buying 248000 shares
Entercom Communications Corp.
Entercom Communications (ETM) is up 7.4% postmarket after the disclosure that CEO David Field purchased just over 248,000 shares in transactions over the past few days. Field bought 96,754 shares Friday at an average price of $1.4513; another 93,131 shares yesterday at $1.4296; and another 58,186 shares today at $1.367. The moves result in him holding direct beneficial ownership of 1,481,195 shares, and another 1,460,448 shares in a trust.