General indices improved on Wednesday, but several key media companies — including Entercom and Nexstar Media Group — saw dips in their stock prices.
Entercom shares dipped 15 cents, to $7.60, while Nexstar was off 60 cents, to $74.65, following a healthy growth spurt for the broadcast TV company.
But, it was Salem Media Group that experienced the day’s most notable activity, with the conservative talk and Christian-themed media company’s stock sinking in the final 30 minutes of trading to $4.50 before recovering slightly for a $4.60 finish — dropping 60 cents (11.5%) on slightly higher than usual volume.
Tuesday saw Salem hit a recent high of $5.35 — its best finish since early November 2017.
For a full look at today’s activity, please view the Wall Street Report on the homepage of RBR.com.