U.S. financial markets ended the week on a largely positive note, as the Dow Jones Industrial Average climbed 165.32 points, to 23,328.36, and the Nasdaq composite index gained 23.99, to 6,629.05.
Helping the overall market with a big gain was CBS Corp. The company that’s initiated a final stage in its Reverse Morris Trust-fueled spin-off of CBS Radio and eventual merger with Entercom enjoyed a 1.9% gain, ending at $58.91.
Volume for CBS was very high at nearly 8 million shares; average volume is 3 million shares.
Entercom headed in the opposite direction, slipping 1.9%, to $11.12.
The 1-year target price for ETM shares is $13.33.
For a complete look at today’s closing prices on Wall Street, visit the homepage of RBR.com.