On May 22, shares of iHeartMedia stock dipped below $1 in value, dropping to a fresh low of 86 cents per share on May 28. It concluded a brutal month for the audio content creation and distribution company on the Nasdaq GlobalSelect market, dropping from $2.36 on May 6.
While iHeart stock has a long way to go to recoup that 22-day decline, “IHRT” is on a hot streak and is quickly regaining value.
