There's a rebound — finally — at Nexstar Media Group as a swoon in the broadcast TV company's stock price climbed 90 cents, to $58.80, after several sessions of downward activity. Salem Media Group also saw its shares improve in today's trading.
Media stocks enjoyed both gains and losses in a Tuesday trading session on Wall Street that saw the Dow Jones Industrial Average gain 43.08 points, to 20,937.91, and the Nasdaq Composite grow by 5.09, to 6,138.71. Taking a big move downward is Cumulus Media. Could investors be doubting discussions that Lew Dickey Jr. and his Modern Media Acquisition Corp. are plotting a merger?
U.S. financial markets enjoyed a stellar start to the week, as the Dow Jones Industrial Average climbed 89.99 points, to 20,894.83. The Nasdaq Composite improved 49.92, to 6,133.62. Among the big movers on Monday was Cumulus Media, as chat concerning a possible takeover from a Lew Dickey-led blank check company continues.
There was lots of green for media companies on Wall Street today, as the Dow Jones Industrial Average surged 141.82, to 20,804.84, and the Nasdaq Composite increased by 28.57, to 6,083.70. What companies fueled the gains?
Heads up, CBS Corp. shareholders. The company's board of directors has given the OK to a quarterly dividend payable on July 1. The news came during a stellar trading session for CBS and on a day where Sumner Redstone relinquished his voting role on the CBS board.
Media stocks largely benefited from an overall recovery on Wall Street from Wednesday's trading—the worst session seen this year. With less butterflies in the stomach over President Trump and future economic policy, the Dow Jones Industrial Average climbed 56.09, to 20,663.02. The Nasdaq Composite was up 43.89, to 6,055.13. The buzz among media companies? Sirius XM. It seems they're having chats with struggling Pandora about a takeover once again.
It was a brutal day for investors as Trump Administration worries spread their way to U.S. financial markets. Yet, two media companies saw improvements as the Dow Jones Industrial Average sank 372.82 points, to 20,606.93, and the Nasdaq Composite slid 158.63, to 6,011.24.
Cumulus Media rode a wave of positive momentum after a good Q1 report was released after Monday's Closing Bell on Wall Street, as its shares climbed 22.5%, to 38 cents, in today's trading. At the same time, iHeartMedia shares rose 5.8%, to $2.18. The gains came in a mixed overall session that saw TV companies slump again.
What's going on at Nexstar? On March 1, its shares were at $73.15. Today, they're under $57. Are investors concerned that the company's merger with Media General isn't enough, and that it needs another huge deal to keep up with Sinclair?
Getting out of an underperformer at the best time can help maximize one's portfolio returns. But, when is the right time, and how does one know? Zacks Equity Research thinks it has the answer for holders of Entravision Communications stock. Sell, sell, sell, Zacks says. Here's why.
It was another mixed day on Wall Street for media companies, as the Dow Jones Industrial Average improved 85.33 points, to 20,981.94, and the Nasdaq Composite was up 28.44, to 6,149.67. Leading the way was Saga Communications.
U.S. financial markets finished the week on another mixed note, as the Dow Jones Industrial Average fell 22.81 points, to 20,896.61. The Nasdaq Composite was up 5.27, to 6,121.23. Among the key media movers was Nexstar Media Group, which wrapped up the week with a sizable dip. Entercom slipped a dime ahead of a dividend announcement.
U.S. financial markets sailed southward on Thursday, as the Dow Jones Industrial Average fell 23.69 points, to 20,919.42, and the Nasdaq Composite declined 13.18, to 6,115.96. The retailer sector suffered significant declines, and some of these companies could be one of your key advertisers—like Kohl's.
Radio and TV companies found themselves swimming in a sea of red on Wall Street today. Get a good look at how publicly traded media companies fared by looking at our all-new stock ticker in our Wall Street Report, found on the homepage of RBR.com!
Tuesday's trading was full of ups and downs for media companies, as the Dow Jones Industrial Average declined by 36.50 points, to 20,975.78. The Nasdaq Composite index improved by 17.93, finishing at 6,120.59. Among the day's key movers was Emmis Communications, as investors cheered the company's announcement that it was exiting Los Angeles by agreeing to sell KPWR-FM "Power 106" to Meruelo Media.