With Wednesday’s Closing Bell on the NYSE, Townsquare Media finished the day with its best closing price in some 2 1/2 years.
It puts the local media company in the driver’s seat as it prepares to announce when it will release its Q4 and full-year 2019 financial results.
On volume of 38,329 shares (average volume is 35,356 shares), TSQ finished the day at $10.26, up 2.6% from Wednesday.
It’s the best finish Townsquare has seen on the NYSE since mid-October 2017, and marks an impressive rebound from December 2018, when TSQ bottomed out at $4.08 per share.
A Q4 and FY 2019 earnings release date is forthcoming for Townsquare, which on January 31 agreed to acquire WWAX-FM in Duluth, Minn.