In an after hours filing Tuesday night it was disclosed that Entercom CEO David Field has purchased 248,000 shares in his company over the past few days. At an average price of $1.42 a share the total cost of the purchase was about $352,200.
Field bought 96,754 shares last Friday at an average price of $1.45. On Tuesday he bought another 93,131 shares at an average price of $1.43. And Tuesday 58,186 shares were purchased for $1.37.
Seeking Alpha reports the latest purchases result in Field holding direct beneficial ownership of 1,481,195 shares, and another 1,460,448 shares in a trust.
ETM closed at $1.35 Tuesday. Back in 2017 the stock price was over $15.00.