Get unlimited digital access to baltimoresun.com. $0.99 for 4 weeks.

Topics

School closings
Annual and Special Corporate Meetings
Millennial Media CEO ups stake in company, giving shares a boost
Millennial Media CEO ups stake in company, giving shares a boost

Putting his money where his job is, Millennial Media CEO Michael Barrett spent $1 million to buy company stock less than week after a grim earnings report sent its share price tumbling. Barrett's purchases helped boost the Baltimore-based mobile advertising company's stock Wednesday, when it closed up 27 cents a share at $3.82 each. Barrett bought 140,000 shares at $3.43 apiece Monday and 151,000 shares at $3.46 apiece Tuesday, according to a Securities and Exchange Commission filing. Barrett, who was named CEO after Millennial founder Paul Palmieri's sudden departure in January, increased his ownership stake by two-thirds, to a total of nearly 750,000 shares. Millennial...

Loading