Alx Lp Searchlight Buys 80,000 Shares of General Communication Inc. (GNCMA) Stock
General Communication Inc. (NASDAQ:GNCMA) insider Alx Lp Searchlight purchased 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The shares were acquired at an average cost of $14.23 per share, for a total transaction of $1,138,400.00. Following the completion of the transaction, the insider now directly owns 1,712,661 shares of the company’s stock, valued at approximately $24,371,166.03. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
General Communication Inc. (NASDAQ:GNCMA) opened at 14.50 on Friday. General Communication Inc. has a 52-week low of $12.26 and a 52-week high of $22.44. The firm has a market capitalization of $538.21 million, a price-to-earnings ratio of 80.56 and a beta of 1.13. The company’s 50-day moving average price is $13.54 and its 200 day moving average price is $15.42.
General Communication Company Profile
General Communication, Inc is a holding company. The Company, together with its subsidiaries, is a diversified communications provider with operations primarily in the State of Alaska. The Company provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under its GCI brand.
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