Cumulus Stock Drop Trend Persists

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CumulusRBC Capital Markets has downgraded Cumulus Media stock from an “Outperform” rating to “Sector Perform” rating.


The action occurred Oct. 30.

Cumulus, which trades as “CMLS” on Nasdaq, dropped 8 cents a share on Friday to close at 46 cents a share — a 15% drop from the previous day, according to the RBR Radio Index.

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