More Media Moves On Wall Street

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Broadcast media companies saw plenty of up and down movement on Wall Street Tuesday, as the Dow Jones Industrial Average improved 84.07, to 22,641.67, and the Nasdaq composite index gained 15 points, ending the day at 6,531.71.


Among the key movers were iHeartMedia, which dipped 3.2%, to $1.50, and Beasley Broadcast Group, which fell 3.9%, to $11.20. Also down: Veritone Inc., which dipped 6%, to $46.68, to continue its highly volatile trading activity.

Meanwhile, what’s up with “MMDMU,” Modern Media Acquisition Corp., the entity created by former Cumulus Media leader Lew Dickey Jr. expressly to acquire another company? The company, traded on Nasdaq, saw its shares dip 7.6% on Tuesday, to $10.42.

But, volume is just 200 shares — indicating that there’s little movement or noticeable activity at the company.


For a full look at today’s closing prices, please visit the Wall Street Report on the homepage of RBR.com.


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