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, 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

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