Sinclair chair David Smith buys $21.8 million worth of stock

//Sinclair chair David Smith buys $21.8 million worth of stock

Sinclair chair David Smith buys $21.8 million worth of stock

Sinclair Broadcast Group Inc.'s executive chairman bought $21.8 million worth of the TV broadcaster's stock on Wednesday in an apparent sign of confidence about the company's trajectory. David D. Smith purchased 395,000 Class B shares at an average price of $55.10 per share across five transactions, according to a federal filing with the U.S. Securities and Exchange Commission. Smith, who is Hunt Valley-based Sinclair's largest shareholder, now owns more than 6 million Class B shares. Class B…

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By | 2019-07-10T21:42:07+00:00 July 10th, 2019|Media|

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