Entercom Communications shares rose 5% on Monday, with gains seen across the day’s trading.
The gain puts ETM above the $5 mark for the second time in December, and at its highest closing price since late July.
At the Closing Bell, Entercom stock finished at $5.02.
By comparison, ETM was at $3.09 on October 1, hitting a fresh 10-year low.
The gains came as Townsquare Media stock enjoyed another strong showing on Wall Street, rising 1.6% to $9.60.
It’s a remarkable year-over-year performance for TSQ, which sank to $4.04 on Christmas Eve 2018 and began a strong recovery in mid-October 2019.
TSQ is set to go ex-dividend on Dec. 26.