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Party City CEO James Harrison purchases 20K shares following buyback initiative

Party City Holdco’s board of directors authorized a stock buyback initiative earlier this month, which has led to a couple of big purchases by company executives.

The buyback authorization, usually a sign that a company’s leadership feels its stock is undervalued, was approved by the Party City board on Nov. 9, StockNewsTimes.com reported.

Just days later, CEO James Harrison purchased 20,000 shares of company stock at a value of $225,400, and Chief Accounting Officer Michael A. Correale bought 5,000 shares for $60,700. 

Originally posted Monday, Nov. 27, 2017

Tags: party city