LodgeNet (LNET) Pops as Cuban Discloses Increased Stake
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LodgeNet (Nasdaq: LNET) is seeing some upside following disclosure that Mark Cuban increased his stake in the company. Shares are currently up 4.7 percent Monday afternoon.
Cuban raised his stake in the company 7.2 percent from 2,239,400 to 2,400,000 shares, or 9.5 percent of all outstanding common.
The effective date of the latest filing was September 30, 2011. Cuban's last LodgeNet filing was nearly three-years ago, on October 30, 2008.
Cuban raised his stake in the company 7.2 percent from 2,239,400 to 2,400,000 shares, or 9.5 percent of all outstanding common.
The effective date of the latest filing was September 30, 2011. Cuban's last LodgeNet filing was nearly three-years ago, on October 30, 2008.
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