U.S. financial markets finished Wednesday’s trading on a positive note, with the Dow Jones Industrial Average climbing 28.09, to 24,774.30, and the Nasdaq composite index inching ahead 3.09, to 6,939.34.
Media companies did not fuel the growth. Many saw dips in their stock value, including Salem Media Group.
At the closing bell on Wall Street, Salem shares were off 1.1%, to $4.50.
The dip for Salem puts its stock at its lowest level since January 1, 2016, when the company saw SALM shares dip as low as $3.89 before seeing a swift and strong recovery pushing it to $7.77 by early April 2016.
Now, those gains are all but gone, with Salem trending closer to a five-year low for its stock.
Volume was 108,311 shares; average volume is 60,244 shares.
In other activity on Wall Street for media shares:
- Townquare Media was off 2.6%, to $7.86.
- iHeartMedia shares improved 10 cents, to 55 cents.
- Entercom declined 1.8%, to $10.95.
For a complete look at today’s prices, please visit the Wall Street Report at RBR.com.
