It seems the pending exit of co-CEO Dhruv Prasad from Townsquare Media Group is great news to investors. Since the announcement, TSQ has been in rebound mode. On Tuesday, it climbed above the $6 mark.
At the Closing Bell, Townsquare shares finished the trading session at $6.06, up 11 cents from Monday.
Volume was heavy at 130,725 shares; average volume is 57,235 shares.
That’s Townsquare’s best finish since Dec. 3, and indicates investors are pleased with Bill Wilson‘s forthcoming role as the company’s lone CEO.
How did other media companies fare on Tuesday? Go to RBR.com’s homepage to view the Wall Street Report now.