Monster Worldwide (MWW) CEO Buys 15K Shares, Says It's "Greatly Undervalued"
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Earlier today, Monster Worldwide (NYSE: MWW) CEO Salvatore Iannuzzi stepped up to the plate with a 15,000 share insider purchase, also made today. The purchase follows the weakness witnessed in the stock after Thursday's disappointing fourth quarter results and outlook.
A company spokesperson said the executive bought the shares on the view that they were "greatly undervalued" and to display his confidence in the company,
"Mr. Iannuzzi's share purchases made today demonstrate his belief that Monster's stock is greatly undervalued and reinforce his confidence in the Company's differentiated product portfolio, competitive position and value potential over the long-term," a company spokesperson told StreetInsider.com.
A company spokesperson said the executive bought the shares on the view that they were "greatly undervalued" and to display his confidence in the company,
"Mr. Iannuzzi's share purchases made today demonstrate his belief that Monster's stock is greatly undervalued and reinforce his confidence in the Company's differentiated product portfolio, competitive position and value potential over the long-term," a company spokesperson told StreetInsider.com.
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