Audacy Shares Slide Again. The Five-Month Trend Isn’t Good


How have investors reacted to Audacy‘s EPS miss in the second quarter of 2021?

They weren’t kind. In heavy trading on Monday, the company formerly known as Entercom saw its stock value plummet by 11% from Friday’s closing price.

Yet, the drop in price only continues a trend that began in mid-March. Since then, Audacy shares have shed 51.4% of their value.

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