Cumulus Stock Drop Trend Persists


CumulusRBC Capital Markets has downgraded Cumulus Media stock from an “Outperform” rating to “Sector Perform” rating.

The action occurred Oct. 30.

Cumulus, which trades as “CMLS” on Nasdaq, dropped 8 cents a share on Friday to close at 46 cents a share — a 15% drop from the previous day, according to the RBR Radio Index.

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