Beasley Shares Tumble Following Share Sale Scrub

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Beasley Broadcast Group shares were pounded for a second consecutive day on Wall Street on Tuesday as investors reacted to a pre-dawn announcement that negated news dispatched 24 hours earlier that was met unfavorably by stockholders.


As of 1:27pm Eastern, Beasley shares were off by a steep 21.4%, to $7.00.

This puts BBGI back at prices not seen since December 2016.

Trading volume was exceptionally high, with 845,488 shares trading hands in midday trading on Nasdaq. Average volume for Beasley is 11,800.

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