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iHeartMedia CEO Bob Pittman Buys 200,000 Shares of Company’s Stock, Price Jumps 23%
iHeartMedia CEO Bob Pittman bought 200,000 shares of the company's stock, leading the price to jump 23% on Thursday (March 6).
iHeartMedia shares had plummeted 27.7% in the four trading days following the company’s fourth quarter earnings release on Feb. 27. “Although the year began with optimism, many companies are now focusing on how potential tariffs, inflation and higher interest rates may impact their businesses, introducing an element of uncertainty,” said Bressler. Chairman and CEO of iHeartMedia Bob Pittman speaks during VeeCon 2024 on August 10, 2024 in Los Angeles, California.
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