Scott Wells Buys Clear Channel Shares

Microcap reports that Clear Channel Outdoor Scott Wells bought 5,000 shares of Clear Channel Outdoor on March 4.  With the purchase Wells directly owns 50,283 shares of stock valued at $209,000.

Insider’s take: If Insider were a Clear Channel Outdoor shareholder, he’d be happy that an insider is buying.  A $209,000 direct equity stake isn’t much, however for a CEO of a public company.  Insider bets that most of you have more than this invested in your business if it’s private.

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