It’s certainly a new day at Cumulus Media: With 90 minutes left in the final trading session of August 2018, Cumulus shares have now climbed beyond $20.
As of 2:30pm Eastern Friday (8/31), CMLS was trading at $20.06, up 5.5% from Thursday’s close.
Indeed, volume is low at just 2,515 shares; average volume is 5,640 shares.
It’s good news for Cumulus, which started August 1 at $25 and quickly fell to $18.10 before bouncing up and down in the low $17-high $19 range all month.
The company’s shares are again trading on Nasdaq at the start of the month. Volume has been light since its much-heralded return to the index.
For a look at today’s other activity on Wall Street, please visit the Wall Street Report on the homepage of RBR.com. All prices are live during each trading day and reflect closing prices from 4:15pm Eastern each business day.