Entravision COO Jeff Liberman
Entravision Communications shares were off nearly 16% in midday trading yesterday, before closing down 13.2%, to $5.60.
It’s another unfortunate dip for a stock that had been at $7 on New Year’s Eve, and at nearly $8 a share in early August 2016.
What’s the reason for the high volume of sell activity?
Blame it on the FCC’s incentive auction, which is set to enter Stage 4 of the Forward Auction at 10 a.m. Wednesday (1/18).
