Live Ventures CEO Completes Open Market Share Purchase

Rhea-AI Summary

Live Ventures Incorporated (Nasdaq: LIVE) announced that CEO Jon Isaac purchased 28,672 shares of common stock for approximately $263,000 on May 28, 2020. This acquisition reflects Isaac's confidence in the company's future and commitment to its success. Live Ventures, established in 1968, is a diversified holding company with subsidiaries such as Marquis Industries and Vintage Stock, focusing on acquiring profitable companies and offering a range of products, including carpets and entertainment goods.

Positive

• CEO Jon Isaac's purchase of 28,672 shares indicates strong insider confidence in the company's performance.
• The company has a diversified business model through its subsidiaries, reducing risk exposure.

Negative

• None.

LAS VEGAS, May 29, 2020 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, today announced that Jon Isaac, its President and Chief Executive Officer, purchased 28,672 shares of the company’s common stock for a total purchase price of approximately $263,000. The shares were purchased in the open market on May 28, 2020. Mr. Isaac filed a Form 4 which is available at the website of U.S. Securities and Exchange Commission at http://www.sec.gov.

About Live Ventures

Live Ventures Incorporated, originally incorporated in 1968, is a diversified holding company with several wholly owned subsidiaries and a strategic focus on acquiring profitable companies that have demonstrated a strong history of earnings power. Through its subsidiary Marquis Industries, the company manufactures and sells residential and commercial carpets primarily in North America. Marquis Industries also designs, sources and sells hard-surface flooring. Through its subsidiary Vintage Stock, an award-winning entertainment retailer, the company sells new and pre-owned movies, classic and current generation video games and systems, music on CD & LP, collectible comics, books, toys, and more. Vintage Stock, through its stores and website, ships product worldwide directly to the customer's doorstep. Through its subsidiary ApplianceSmart, the company sells new major household appliances in the United States through a company-owned retail store operating under the name ApplianceSmart®.

Contact:
Live Ventures Incorporated
Tim Matula, Investor Relations
(425) 836-9035
tmatula@liveventures.com
http://liveventures.com
Source: Live Ventures Incorporated

FAQ

What recent stock purchase was made by the CEO of Live Ventures?

Jon Isaac, the CEO of Live Ventures, purchased 28,672 shares of the company's stock for about $263,000 on May 28, 2020.

How does Jon Isaac's stock purchase impact Live Ventures' market perception?

Jon Isaac's stock purchase may enhance market perception by signaling confidence in the company's future prospects.

What is Live Ventures' business focus?

Live Ventures is a diversified holding company focused on acquiring profitable companies with strong earnings power, managing subsidiaries in carpets, entertainment, and appliances.