Entercom, Entravision Sail Ahead As Tech Issues Sink


It was a bruising finish to the week on Wall Street for some top tech companies, as the Dow Jones Industrial Average shed 109.91 points, to 25,270.83 points. Nasdaq was off 77.06, to 7,356.99. The big loser was Apple, which slid 6.6% to $207.48 with a bruising $14.74 dip.

Then there were Entercom and Entravision, companies that enjoyed healthy gains.

Buoyed by a glowing initiation of coverage by Guggenheim Partners, Entercom saw a 23-cent climb to $7.60 to continue its rebound.

For Entravision, a 5.1% gain was seen, bringing EVC shares to $5.14.

Elsewhere across Wall Street, Veritone Inc. saw a very important gain of 65 cents to $8.12, ending a deep decline for the tech firm specializing in AI-based attribution.

Beasley Broadcast Group shares were off 26 cents to $6.61 following the release of its Q3 earnings results, which were mainly positive aside from expense issues in Tampa and nonpayment from US Radio Networks (USRN) to the tune of $1.7 million.

Lastly, investors were displeased with Urban One‘s Q3 earnings results, released Thursday. The company’s shares declined by 11.9%, to $2.66, on Friday.