Why Did Entravision Shares Tumble On NYSE?

Jeff Liberman
Entravision COO Jeff Liberman

Entravision Communications shares were off nearly 16% in midday trading yesterday, before closing down 13.2%, to $5.60.

It’s another unfortunate dip for a stock that had been at $7 on New Year’s Eve, and at nearly $8 a share in early August 2016.

What’s the reason for the high volume of sell activity?

Blame it on┬áthe FCC’s incentive auction, which is set to enter Stage 4 of the Forward Auction at 10 a.m. Wednesday (1/18).

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