The CFO and CAO of New Media Investment (NEWM) is Selling Shares

Today, the CFO and CAO of New Media Investment (NEWM), Gregory William Freiberg, sold shares of NEWM for $1.21M.

This is Freiberg’s first Sell trade following 5 Buy transactions. Following Gregory William Freiberg’s last NEWM Sell transaction on November 23, 2016, the stock climbed by 1.2%.

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Based on New Media Investment’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $380 million and GAAP net loss of $5.87 million. In comparison, last year the company earned revenue of $317 million and had a GAAP net loss of $1.97 million. NEWM’s market cap is $874.9M and the company has a P/E ratio of 24.59. Currently, New Media Investment has an average volume of 569.4K.

In the last 30 days, insiders have sold $1.21M worth of NEWM shares and purchased $1.07M worth of NEWM shares. The insider sentiment on New Media Investment has been positive according to 10 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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New Media Investment Group, Inc. owns, operates and invest in a portfolio of local media assets, and on advertising and digital marketing business. It publishes local newspapers and related publications in U.S. The company was founded on June 18, 2013 and is headquartered in New York, NY.