Media General Inc (MEG) Files Form 4 Insider Selling : John R Muse Sells 1,211,478 Shares

Media General Inc (MEG): John R Muse , director of Media General Inc sold 1,211,478 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $17.84 per share for a total value of $21733216 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, John R Muse (director) sold 83,500 shares at $17.70 per share price.On Mar 17, 2016, Deborah A Mcdermott (Senior VP and COO) sold 4,495 shares at $16.70 per share price.Also, On Mar 3, 2016, Vincent L Sadusky (President and CEO) sold 16,288 shares at $16.87 per share price.On Mar 3, 2016, James F Woodward (Senior VP and CFO) sold 1,431 shares at $16.87 per share price.

Media General Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Media General Inc which led to swings in the share price. The shares opened for trading at $17.85 and hit $18.18 on the upside , eventually ending the session at $18.07, with a gain of 1.23% or 0.22 points. The heightened volatility saw the trading volume jump to 31,33,877 shares. The 52-week high of the share price is $18.18 and the company has a market cap of $2,336 M . The 52-week low of the share price is at $9.74.

Media General Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Media General Inc is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 19 from a previous price target of $18 .The Rating was issued on May 9, 2016.

Media General Inc. formerly Mercury New Holdco Inc. is a connected-screen multimedia company. The Company provides news information and entertainment. The Company’s segment include Broadcast segment which has around 71 television stations that are either owned operated or serviced by the Company in around 48 United States markets all of which are engaged principally in the sale of television advertising and Digital segment which includes digital companies: LIN Digital LIN Mobile HYFN Inc. (HYFN) Dedicated Media Inc. (Dedicated Media) BiteSize TV and Federated Media as well as the business operations related to the television station companion Websites. LIN Digital provides display and video advertising. LIN Mobile provides mobile advertising. Federated Media provides display and video advertising. Dedicated Media provides marketing data focusing and analytics for digital marketing campaigns. HYFN is a digital agency. BiteSize TV is a video content creator.

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