It was a down day for U.S. financial markets, as the Dow Jones Industrial Average fell 122.35 points, to 26,307.79. Nasdaq was off 12.87 points, to 8,036.77. For media stocks, there was a lot of downward movement. That said, Comscore‘s struggles continued to raise eyebrows on Wall Street.
The audience measurement and consumer data company’s shared finished Thursday’s trading off 11 cents, to $12.17.
A big dip was seen in the closing minutes of Thursday’s trading, bring SCOR to a fresh five-year low and officially killing a Q1 rally that saw a rebound of shares to $21.81, following a seven-month slide from $25 to $14.43 seen between May 1 and December 1, 2018.
Comscore still has a 1-year target estimate of $24.80. But, those sorts of closing prices haven’t been seen in 11 months.
The company was further bruised on Wednesday when American City Business Journals revealed that former CEO Bryan Wiener — who held the role for less than a year — earned upward of $6.8 million in total compensation in 2018, a SEC filing confirms.
Ex-President Sarah Hofstetter, who was appointed on Oct. 4, 2018, and also resigned the same day as Wiener, made about $2.78 million in total compensation, most of it in the form of restricted stock and stock awards.
Meanwhile, Veritone shares were down 2.3% to $5.97, as Beasley Broadcast Group suffered a 1% dip, to $3.80.
Entercom was also a big decliner, shedding 38 cents to land at $6.44.
TEGNA was off 3% to $15.35.