Entercom Stumbles Following Q4 Reveal


On heavier than usual trading, Entercom shares dipped 4% on Monday, putting them nearly $1 below the company’s 1-year target estimate.

At the Closing Bell, ETM was priced at $7.26.

Volume was 1.39 million shares; average volume is 951,191 shares.

The fall comes after Entercom’s largely upbeat Q4 earnings release on Friday.

Entercom shares immediately fell in the 9am before attempting to stage a recovery before noon. The rally then ended, giving the company pressure anew to boost its stock price following a quarterly earnings release.

As RBR+TVBR reported Friday, Entercom’s Q4 results were largely positive, thanks to an impairment charge taken in response to the company’s stock decline during the period.