With Entercom Communications stock signaling a comeback from a COVID-19 fueled downturn in value that brought it to its lowest closing prices since the 2008-2009 global financial crisis.
Punctuated by a 20% gain immediately after Thursday’s market open, and a closing price reflecting a 30% session gain, investors may be finally ready to cheer for the audio media company that owns Radio.com, podcast players Cadence13 and Pineapple Street, and the former CBS Radio stations.
That said, the man who in 1968 founded Entercom has snagged even more shares, grabbing them at prices few anticipated ahead of the novel coronavirus pandemic.
