On July 23, Salem Media Group shares achieved a year-to-date high. Perhaps it was positive news regarding Larry Elder‘s nomination to the Radio Hall of Fame, or the appointment of host Dr. Sebastian Gorka to the National Security Education Board, which provides strategic consultation and was established by Congressional act in 1991.
Whatever excited investors then disappeared by the time Salem’s Q2 2020 results surfaced earlier this month. Since then, SALM has been in a nosedive.
Now, it’s priced just under $1 per share.