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Liberty Media Corp.’s Capital tracking stock climbed the most in more than nine months in Nasdaq trading Wednesday after a director disclosed buying shares.
Liberty Media, controlled by cable billionaire John Malone, rose $1.25, or 36 percent, in Nasdaq Stock Market composite trading, the biggest gain since March 2008. The shares have dropped 62 percent this year.
Board member Paul Gould acquired 127,600 shares in the company, Englewood-based Liberty Media said in a regulatory filing Tuesday after the close of regular trading. On Friday, the company disclosed director Robert Bennett had purchased 150,000 shares.
