The stock was sold at an average price of $4.35, for a total transaction of $36,975.00. Following the sale, the executive vice president now directly owns 2,190,293 shares in the company, valued at approximately $9,527,775. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Cumulus Media (NASDAQ:CMLS) opened at 4.21 on Monday. Cumulus Media has a 52-week low of $3.81 and a 52-week high of $8.19. The stock has a 50-day moving average of $4.51 and a 200-day moving average of $5.90. The company has a market cap of $976.9 million and a P/E ratio of 5.90.