9.66%QQQQ 30.60 8.96%XLF 15.45 10.85%
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NEW YORK - The president of Sinclair Broadcast Group Inc., a television broadcasting company, bought 8,100 shares of stock, according to a Securities and Exchange Commission filing Tuesday.
| SBGI | 3.08 |  -0.05 |
In a Form 4 filed with the SEC, David D. Smith reported he bought the shares for $7.86 to $7.87 apiece on Tuesday.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
Sinclair Broadcast is based in Hunts Valley, Md.
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