Other than the signing of conservative Republican U.S. Senator Josh Hawley to its Regenery publishing arm after Simon & Schuster cancelled its book deal with the politician following the January 6 Capitol insurrection, Salem Media Group has issued no official announcements of any kind.
Could investors nevertheless be concerned about Salem?
Friday’s trading session saw Salem shares decline sharply, and on heavy volume.
But, the dip came one day after SALM finished at its highest COVID-19 era value.