On June 21, 2021, iHeartMedia shares were on a roll. The closing price on that day of trading on the Nasdaq was $27.36. A remarkable comeback from the summer of 2020, and the depths of the COVID-19 pandemic, had transpired.
Since the start of Q4 2021, it’s been nearly impossible for iHeart shares to regain that momentum. Furthermore, the nation’s leading creator and distributor of audio content saw its stock price dip considerably since April 11, without cessation.
As such, iHeart shares are down some 56% from where they stood nearly 11 months ago.