Entercom President/CEO David Field should be smiling about his company’s performance today on the NYSE. His company’s shares rose 3% on Tuesday, and continued to rise in immediate after-hours trading on Wall Street.
This puts Entercom stock above the $10 mark for the first time in a month, and closed at $10.20.
At 4:02pm, immediate after-hours moves puts ETM shares at $10.25.
It was March 7 when Entercom was last trading at that price.
Entercom holds a 1-year target estimate of $13.67.
It was also a positive day for Beasley Media Group, as the radio pure-play’s stock rose to $11 with a 3.3% gain.
It’s a mini-recovery for BBGI, as it was March 29 when its stock was last over $11.
On February 1, it was $13, so there’s still room for more improvement for Beasley, which has not closed lower than $9 per share since May 2017.
Also of note on Tuesday: A positive report from Pivotal Research Group’s Brian Wieser helped shares of The Walt Disney Co. up 1.9%, to $102.18.
For Netflix, another strong quarter catapulted NFLX shares forward in a tremendous way, with the OTT giant’s stock soaring 9.2%, to $336.06.