Stocks down with Wall Street on autopilot
On a generally quiet news day, MarketWatch suggested that much of the trading was computer generated, and if it indicated anything, it was that a lot of stocks are priced a little too high. If that’s true, a good number of broadcast stocks got closer to their true home on Monday.
The RBR Radio Index fell 8.978, or 1.3%, to 699.989.
The TVBR Television Index fell 2.496, or 0.3%, to 742.685.
Entravision, up 4.8%
Entercom, up 1.0%
Beasley, up 0.2%
SBS, down 5.3%
Gray, down 3.5%
Cumulus, down 2.4%