XFMedia management purchases company shares

Chinese media company XFMedia (Nasdaq:XFML) said late Wednesday that its management members, including the company’s CEO and four independent directors, purchased shares of the company. The stock is seeing slight upside in pre-market trading as a result, as it’s generally a good sign when management eats its own cooking.

Shares gained 6.4%, or $0.17, to $2.83 in pre-market trading. For detailed price information and recent news stories about XFMedia, click XFML.

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