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Micro-Cap on the Move; Spanish Broadcasting System Inc. (SBSA)

By Warren Paige

Shares of Spanish Broadcasting System Inc. (NASDAQ: SBSA), a Hispanic-controlled media and entertainment company, are up sharply in trading today.

At last check, SBSA shares were trading 17.11% higher at $3.49 on above average volume of 295,113. The stock touched an intra-day high of $3.84 today.

On Tuesday, Spanish Broadcasting System announced the appointment of Alex Aleman as Senior Vice President of Consolidated Operations. In this role, Aleman will be responsible for the implementation and maintenance of SBSA’s budgets. Aleman will particularly focus on maximizing efficiencies and streamlining operations to achieve maximum potential in the different divisions.

Aleman will report to COO Albert Rodriguez.

Rodriguez said that Aleman’s ample experience in broadcast and media coupled with his invaluable knowledge of the burgeoning Hispanic community makes him a critical asset to the SBSA team.

 

June 6th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.