More Sobering News For Cumulus Stockholders

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Here’s the good news: Media stocks largely saw positive moves in Tuesday’s trading on Wall Street.


Here’s the bad news: Cumulus Media was not among those companies, as its shares slipped another two cents, finishing the day at $0.15.

With its market cap hovering just under $4.4 million, Cumulus saw a slide on lower-than-average volume of 338,723 shares. Normal trading volume is 879,620 shares.

And, it has a 50-cent 1-year target estimate from Wall Street analysts.

The decline clouded an otherwise positive day for radio companies, as Beasley Broadcast Group gained 30 cents, to $11.10; and Emmis Communications was up 15 cents, to $3.68.

Also up again: Entercom, which saw a 20 cent improvement to $12.20.

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


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