The novel coronavirus has greatly impacted many public traded broadcast media company’s Wall Street performance. However, some companies, such as Nexstar Media Group, saw their shares rebound in the weeks since the depths of the COVID-19 pandemic.
For Beasley Media Group, a mid-June burst in value that put BBGI at levels higher than those seen in early March were highly promising. By late June, however, hopes of a share recovery were dashed.
Now, with Tuesday’s trading signaling another down session, Beasley shares are at their lowest point since dipping to $1.37 a share on March 23 — the COVID-impacted low for the company.