A Sturdy Rebound For Beasley Stock


It’s been a less than stellar month for shares of Beasley Broadcast Group stock. On January 5, “BBGI” hit a new peak of $13.95. By January 18, Beasley shares were down by nearly $3 a share.

That dip is very close to being erased as the month comes to a close.

At the Closing Bell on Wall Street, Beasley shares were up 40 cents to $13.15.

Volume was slightly above average, at 22,953 shares traded.

With the nearly 2% climb on Monday, Beasley is once again above the important $13 threshold. The radio industry player’s stock has never been higher until recently, capping off a steady increase in share from $3.50 that started in January 2016 but did not gain steam until November 2016, some fourth months after the company announced it was acquiring all of the assets of Greater Media.

In other Wall Street moves:

  • Both Viacom and CBS Corp. dipped on Monday as rumors and unsubstantiated reports of reunification talk ceased to grab headlines. Viacom’s Class B shares were off 38 cents to $33.71 at the Closing Bell. CBS was at $58.73, down $1.27.
  • Entercom shares are now at $11.07, thanks to a 12-cent gain.
  • Gray Television slipped 60 cents to $17.20, for a 3.4% dip.