The value of iHeartMedia shares continues to reach new heights. On Friday, IHRT gained another 3% to finish at a fresh post-bankruptcy high.
The bigger news: IHRT is up 236% from exactly one year ago.
A review of the last 12 months for iHeartMedia shares shows that, aside from a momentary blip in June, the value of IHRT has steady grown since the Independence Day holiday of 2020, when a $6.65 closing price was seen.
Come Election Day 2020, a $10 closing price was seen by iHeart.
Then, the engines went into overdrive, with March 1 seeing IHRT’s first $15-level finish. By March 15, a $16.87 closing price came.
The following two months have been nothing short of exceptional for the nation’s largest audio media company on Wall Street. On Monday, intrasession trading pushed IHRT as high as $23.49, before settling at $22.90.
With a $22.64 opening price set to start next week as Upfront presentations begin for the television industry, iHeart’s spot at the marketer’s planning table is perhaps more of a possibility than ever.