Oh, Snap! The parent of Snapchat slid 12.3%, to $23.77, on Monday to fall below its IPO strike price. There was no immediate word on the downward activity for the tech company. Meanwhile, Cumulus Media had another difficult trading session while Beasley Broadcasting Group enjoyed a gain.
Cumulus Media shares stopped their significant downward slide ... by staying put with an unchanged stock price of 62 cents. Meanwhile, Saga Communications on Friday saw its Board of Directors declare a quarterly cash dividend of $0.30 per share. What were the other big movers among media stocks?
Cumulus suffered another loss in its share value
While iHeart and several TV companies had a strong day, it was another difficult day for Cumulus. Emmis also saw a share decline.
The ongoing yo-yo activity of Spanish Broadcasting System on Wall Street continued on Tuesday, in a positive way
It was another difficult session for Cumulus Media on Monday, while Spanish Broadcasting System shares continued their swoon
The steep drop in share value for the nation’s No. 2 owner of radio stations, Cumulus Media, was also felt by iHeartMedia
SBS and Cumulus Media now have more in common than FMs in America's top markets
Paging Maverick and Iceman may not do the trick, but a trio of major radio industry companies need a little help.
But, Pandora Media showed weakness on Wall Street, and a financial expert writing for Investopia has an idea why
Spanish Broadcasting System’s slide continued on Friday, with SBSAA shares tumbling another 9%
A deal with TargetSpot can't stop the yo-yo that is SBS stock from winding downward once again
The Wall Street yo-yo that is Spanish Broadcasting System stock slumped after a recent recovery, leading sector decliners
Some investors may be simply making a profit off a stock that’s at its highest trading levels in three years
Both iHeart and Cumulus saw sizable dips on Wall Street. In contrast, Beasley and Saga paced overall media sector gains