Media General Inc (MEG) Files Form 4 Insider Selling : John R Muse Sells 83,500 Shares

Media General Inc (MEG): John R Muse , director of Media General Inc sold 83,500 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $17.70 per share for a total value of $1,478,176.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, Deborah A Mcdermott (Senior VP and COO) sold 4,495 shares at $16.70 per share price.On Mar 3, 2016, Vincent L Sadusky (President and CEO) sold 16,288 shares at $16.87 per share price.Also, On Mar 3, 2016, James F Woodward (Senior VP and CFO) sold 1,431 shares at $16.87 per share price.On Mar 1, 2016, Timothy J Mulvaney (Controller, CAO) sold 288 shares at $16.38 per share price.

Shares of Media General Inc (MEG) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.31 points or -1.73% at $17.62 with 3,76,355 shares getting traded. Post opening the session at $17.8, the shares hit an intraday low of $17.61 and an intraday high of $17.84 and the price vacillated in this range throughout the day. The company has a market cap of $2,278 M and the number of outstanding shares has been calculated to be 12,92,72,908 shares. The 52-week high of Media General Inc is $18.03 and the 52-week low is $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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