Beasley Rebounds On An Abysmal Thursday For Trades


Close observers of Beasley Broadcast Group stock have noticed an odd trend of late: when the overall market goes south, Beasley shares seem to rise.

That’s just what happened on Thursday.

The Dow Jones Industrial Average lost 2% of its value, landing at 22,859.60. Nasdaq was down by 1.6%, to 6,528.41.

Yet, BBGI was up 3 cents, to $3.92.

That’s actually a big deal for Beasley, which has seen its stock battered in the second half of 2018.

Trading volume was 24,836 shares; normal trading for Beasley is some 34,950 shares.

One year ago, Beasley was at $13.55.

It is presently at levels not seen since April 2016.

Elsewhere on Wall Street:

  • Veritone Inc. shares dipped to another new low, losing 15 cents to finish at $4.40.
  • CBS Corp. stock tumbled by $1.23 to $44.14 as the fallout from Les Moonves’ exit as Chairman/CEO continued to worry investors.
  • Entercom ended the day at $5.71, off 23 cents from Wednesday’s close.
  • Nexstar Media Group was a big decliner, shedding $6.52 in stock value to finish at $77.48.
  • Townsquare Media is at $4.78, thanks to a 4.8% decline (24 cents).
  • Viacom’s Class B shares dipped by 44 cents, to $26.30 per share.