If there’s one broadcast media company stock that deserves a close examination of its 30-day performance, it’s likely Townsquare Media.
The local media company specializing in radio stations and websites has enjoyed a stock resurgence since August 1, and is now at its best year-to-date price.
On August 5, a $5.22 closing price was seen for Townsquare.
Then, the next day, TSQ went into a strong rebound, with a big jump starting Sept. 6.
This puts Townsquare shares at their best level since October 2018. Further, TSQ is still considered “undervalued” by the Street, as a 1-year target estimate of $10.46 is in place for the company.