Audacy Stock Rebound Overshadowed by C-Suite Exit


Among the big gainers on the NYSE in Friday’s trading is Audacy Inc., the audio content and distribution company formerly known as Entercom. As of 12:48pm Eastern, AUD was trading at $3.40, up 13.3% after sequential dips came following the result of a lackluster Q2 2021 earnings report.

At the Closing Bell on Friday, Audacy shares finished up 8.7% to $3.26, rebounding after a week of downward momentum.

While that’s good for shareholders, a high-profile departure from the company’s executive leadership team is generating greater industry chatter.

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