Beasley Stock Slumps 7%


It’s been an up-and-down first half of January 2019 for Beasley Broadcast Group stock.

Actually, make that an up-and-down day for BBGI. Tuesday’s trading saw Beasley break the $5 mark — and then slide in the 3pm hour.

With the Closing Bell ringing, Beasley shares ended up at $4.52, down 34 cents from the previous trading session.

Volume was slightly lower than average, at 37,812 shares.

It is a continuation of a see-saw stock performance, as Beasley shares one month ago were at $4.21 and falling. By Dec. 26, a low of $3.25 was seen — a price last seen in December 2011.

However, shares had steadily been on the way up, until today’s late-day sell-off.

Beasley’s 1-year target estimate is $7.