Dow Starts Its Recovery, But Do Media Stocks?


Wall Street’s comeback after two days of steep losses began in earnest in the final hour of trading Tuesday, as the Dow Jones Industrial Average rebounded with a 567.02-point jump to 24,912.77.

It was a volatile trading day, with activity up and down until 2:30pm Eastern, when the climb upward truly began.

Nasdaq was also up, rising 148.36 points to 7,115.88.

Did media companies benefit from the overall recovery effort?

Saga Communications saw a jump, climbing $1.05 to $37.55 as the company announced that it will release its Q4 and Year End 2017 results at 9am Eastern on Tuesday, March 6.  The company will be holding a conference call on the same date at 11am Eastern to discuss the results.

For Beasley Broadcast Group, yesterday’s lone gainer among media companies, BBGI shares declined, with a 25-cent fall to $12.45.

Pandora Media shares lost 8 cents, falling to $4.83.

Dipping 10 cents, to $4.25, is Salem Media Group.