It’s been a bouncy 30 days for Entercom shares.
However, Thursday’s close puts the company back to values last seen on May 28, when a decline in value began to take shape.
The catalyst? Entercom goes ex-dividend on Friday.
And, with ETM seen as largely undervalued and with a 1-year target estimate from analysts of $8.13, bargain seekers may be finally taking advantage of where Entercom sits today — and could possibly never return to in the months and years to come.
On June 6, a $5.60 price was seen. One week later, Entercom closed at $6.03, showing another steady step upward in value in the last week.
How did other stocks in the media world fare on Thursday? Visit the Wall Street Report on the RBR.com homepage for a quick glance at today’s closing prices, or live prices during each trading day.