It was a mixed day for U.S. financial markets, as the Dow Jones Industrial Average climbed 134.11 points, to 26,583.65, while Nasdaq slipped 1.63 points to 7,994.45.
Among the key moves for media stocks was Beasley Broadcast Group, with shares down sharply in average trading.
At the close of trading on Thursday, BBGI was off 4%, to $3.90 — a 16 cent decline.
As such, Beasley negated a big gain seen on Wednesday, when shares climbed to $4.06 after a $3.70 finish on Tuesday.
Given the thin trading for Beasley shares, it appears some investors believed they could make a profit on BBGI yesterday by buying it back cheaper today.
How did other media stocks fare on Thursday? Visit RBR.com’s homepage for the Wall Street Report.
