Valentine’s Day Sag For Saga

0

Saga Communications has been a standout success on Wall Street in recent months. That’s why its $1.30 per share slide on Tuesday, to $49.85, is somewhat of a surprise.


Trading volume was nearly double its average, and with the company’s Q4 2016 and full-year results set for release on March 7, some investors may be simply making a profit off a stock that’s at its highest trading levels in three years.

In the day’s other trading highlights, Viacom enjoyed an 80-cent gain, to $44.25, while Pandora Media gained 43 cents, to $13.52.

The RBR Radio Index fell 3.375, or 0.55%, to 606.955.
The TVBR Television Index rose 3.587, or 0.36%, to 1000.842.

 

Gainers

iHeart, up 5.5%

Fox, up 1.9%

Emmis, up 1.7%

 

Decliners

Radio One, down 3.4%

SBS, down 3.0%

Beasley, down 2.8%

 

Stocks-021417A

Stocks-021417B


SHARE
Previous articleNAB Adds Two Gov’t Relations VPs
Next article‘Keep Forward Momentum’ As FCC Auction Ends
Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.