A New 52-Week Low For BBGI

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Beasley Media Group is expected to unmask its Q3 earnings between Halloween and November 4.


Will investors be treated to a not-so-scary report, or is a fright fest on the way? The latter may be the case, given BBGI’s late-afternoon slide.

It sent Beasley shares cascading to a fresh five-year low.

With high volume of 46,720 shares (average volume is 25,412 shares), BBGI started Tuesday’s trading on an upnote.

Things were positive until 2:30pm.

Then, BBGI suddenly dipped to $2.89 from $2.94 — and then fell in the final 15 minutes of trading to $2.87, marking a 1% dip from Monday.

For long-term owners of Beasley stock, the finish is punishing when looking at a graph of the company’s 52-week performance.

One year ago, BBGI was priced at $6.61.

In May and June 2018, the stock was consistently in the low-$11 range.

In December 2017, a $13.40 close was seen.

Now, BBGI is back to pricing last seen in June 2009.