Meredith Corp (MDP): Edwin T Iv Meredith , 10% owner of Meredith Corp purchased 15,628 shares on Jun 10, 2016. The Insider buying transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were purchased at $51.24 per share for a total value of $800,700.56 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, John S Zieser (Chief Development Officer) sold 8,783 shares at $51.21 per share price.On May 3, 2016, Frederick B Henry (director) sold 1,186 shares at $51.10 per share price.Also, On Feb 10, 2016, Donald C Berg (director) purchased 1,115 shares at $38.50 per share price.On Jul 2, 2015, Philip A Marineau (director) sold 6,315 shares at $52.60 per share price.
Shares of Meredith Corporation (MDP) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.57 points or -1.10% at $51.24 with 2,79,469 shares getting traded. Post opening the session at $51.45, the shares hit an intraday low of $50.96 and an intraday high of $51.51 and the price vacillated in this range throughout the day. The company has a market cap of $2,283 M and the number of outstanding shares has been calculated to be 4,45,54,391 shares. The 52-week high of Meredith Corporation is $53.81 and the 52-week low is $35.03.
Meredith Corporation is a media and marketing company. The Company operates two business segments namely local media and national media. Its national media segment includes national consumer media brands delivered via multiple media platforms including print magazines and digital and mobile media brand licensing activities database-related activities and business-to-business marketing products and services. The local media segment consists of the operations of network-affiliated television stations related digital and mobile media and video creation operations. Local media segment consists of 14 owned television stations and one operated television station located across the United States in digital and mobile media and a national video creation unit.