Close observers of Beasley Broadcast Group stock have noticed an odd trend of late: when the overall market goes south, Beasley shares seem to rise.
That’s just what happened on Thursday.
The Dow Jones Industrial Average lost 2% of its value, landing at 22,859.60. Nasdaq was down by 1.6%, to 6,528.41.
Yet, BBGI was up 3 cents, to $3.92.
That’s actually a big deal for Beasley, which has seen its stock battered in the second half of 2018.
Trading volume was 24,836 shares; normal trading for Beasley is some 34,950 shares.
One year ago, Beasley was at $13.55.
It is presently at levels not seen since April 2016.
Elsewhere on Wall Street:
- Veritone Inc. shares dipped to another new low, losing 15 cents to finish at $4.40.
- CBS Corp. stock tumbled by $1.23 to $44.14 as the fallout from Les Moonves’ exit as Chairman/CEO continued to worry investors.
- Entercom ended the day at $5.71, off 23 cents from Wednesday’s close.
- Nexstar Media Group was a big decliner, shedding $6.52 in stock value to finish at $77.48.
- Townsquare Media is at $4.78, thanks to a 4.8% decline (24 cents).
- Viacom’s Class B shares dipped by 44 cents, to $26.30 per share.
