Cumulus Shares Suffering From A Three-Month Funk


As the first half of 2021 ended, Cumulus Media could count itself among a select group of publicly traded broadcasters that were enjoying strong interest in investors on Wall Street. Shares reached $14.75 after bottoming out at $9 on May 4.

With hours remaining in trading on September 17, Cumulus shares are moving closer to that six-month low point, punctuating a 90-day decline for the company’s stock.

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