Just over a week ago, FTVLive told you that Meredith President and Chief Executive Officer Tom Harty had purchased another 10,000 shares of Meredith stock on the open market at an average price of $28.90 per share.

Let’s check and see how the stock is doing after his purchase:

Ouch!

Harty holds approximately 140,000 shares of Meredith stock which is down almost $45 since January 2018 and well off it’s high of $71.65 on Dec. 4, 2017.

Looks like Mr. Harty might want to stock up on the ramen noodles.