Beasley’s Q3 Stock Ride: Not The Best

0

On New Year’s Day 2018, Beasley Broadcast Group shares were riding high at just under $14 — record territory for the company that had grown with the addition of Greater Media stations in key markets including Boston and Detroit.


Beasley’s stock was largely above the $10 mark for 6 1/2 months. Then came a steep dip that sent BBGI tumbling into the $6 range — halving the company’s share value.

As Q3 came to a close, a trickle of upward momentum seen around Labor Day couldn’t give Beasley the boost it needed to overcome a stock slide that Greater Media’s key ownership may be largely responsible for. 

Please Login to view this content. (Not a member? Join Today!)