A company best known for its conservative and Christian-themed media offerings is heading next week to Fort Lauderdale for an investor conference.
Executives at Salem Media Group may wish to pray that their stock is headed not south, but north, by its Jan. 30 presentation.
Salem will present at NobleCon14 – Noble Capital Markets’ 14th annual institutional investor conference and Microcap Showcase at The W Resort Hotel on Fort Lauderdale Beach on Tuesday (1/30) at 11am Eastern.
The presentation comes as Salem shares on Wednesday closed the day unchanged at $4.60. The company’s stock has been on the mend since dipping to $4.05 on the first trading day of 2018. However, Salem stock has been on a sharp decline since May 2017, when they traded upward of $8.
In fact, Salem shares are near a five-year low of $3.89 seen on Jan. 1, 2016.
ELSEWHERE ON WALL STREET:
- American Tower Corp. gained 56 cents, closing at $141.76.
- Beasley Media Group improved by 55 cents, finishing at $12.50.
- Emmis shares powered ahead 25 cents, to $3.08 — good for a 8.8% gain.
- Netflix stock soared $11.01, finishing the day at an impressive $261.30.
How did other media companies fare on Wall Street, please visit the Wall Street Report at RBR.com for all of the closing prices!